All costs, which are assigned to manufactured products for specific calculations are classified as

A contracting costs
B product cost
C government costs
D marketing costs

Correct Answer: product cost

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.
Bissoy MCQ
#Commerce #Costing

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In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are
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