Q308
All costs, which are assigned to manufactured products for specific calculations are classified as
A.
contracting costs
B.
product cost
AnswerC.
government costs
D.
marketing costs
Answer: Option B
Solution
Answer: Option B
Solution:
All costs, which are assigned to manufactured products for specific calculations are classified as product cost. Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead.