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The cost of a manufactured product generally consists of which of the following costs?                         Direct materials cost and direct labor cost only Direct labor cost, direct materials cost, and factory overhead cost          Direct materials cost and factory overhead cost only Direct labor cost and factory overhead cost only Any costs we can possibly think of and bury in someone else’s budget

The cost of a manufactured product generally consists of which of the following costs?                         Direct materials cost and direct labor cost only Direct labor cost, direct materials cost, and factory overhead cost          Direct materials cost and factory overhead cost only Direct labor cost and factory overhead cost only Any costs we can possibly think of and bury in someone else’s budget

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The cost of a manufactured product generally consists of which of the following costs?

                       

  1. Direct materials cost and direct labor cost only
  2. Direct labor cost, direct materials cost, and factory overhead cost         
  3. Direct materials cost and factory overhead cost only
  4. Direct labor cost and factory overhead cost only
  5. Any costs we can possibly think of and bury in someone else’s budget
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