The following would be classified as product costs except: a. property taxes on production equipment b. insurance on factory machinery c. wages of machine operators d. delivery expense e. answer not given

The following would be classified as product costs except: a. property taxes on production equipment b. insurance on factory machinery c. wages of machine operators d. delivery expense e. answer not given

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8MC: Which of the following is not considered a product cost? A. direct materials B. direct labor C....

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

The following would be classified as product costs except:

a. property taxes on production equipment
b. insurance on factory machinery
c. wages of machine operators
d. delivery expense
e. answer not given

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