Which of the following statements is true? a. Indirect materials and indirect labor are included in the manufacturing overhead. b. Examples of selling costs include sales commission, advertising, shipping, and the cost of operating finished goods warehouses, salaries of production supervisor. c. For financial accounting purposes, product costs include direct materials, direct labor, manufacturing overhead, and finance cost. d. For financial accounting purposes, period costs are also referred to as inventoriable costs

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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.