Product costs … a. are costs that are included in the determining the value of the inventory. b. are all of these. c. prime costs d. include direct materials, direct labor, and overhead e. are manufacturing costs.
Product costs … a. are costs that are included in the determining the value of the inventory. b. are all of these. c. prime costs d. include direct materials, direct labor, and overhead e. are manufacturing costs.
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 17MC: Under absorption costing, a unit of product includes which costs? A. direct material, direct labor,...
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Product costs …
a. are costs that are included in the determining the value of the inventory.
b. are all of these.
c. prime costs
d. include direct materials, direct labor, and overhead
e. are manufacturing costs.
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