Marie will account for the costs incurred by a her firm in producing its products (e.g., materials, machinery, etc.) as a part of its
A) general overhead expenses.
B) costs of manufacturing.
C) cost of goods sold.
D) manufacturing overhead expenses.

Question

Quizplus · Accepted Answer

The costs incurred by a firm in producing its products are considered part of the cost of goods sold, which includes the direct costs of materials and labor, as well as indirect costs such as overhead expenses directly related to production. Therefore, choice C is the best answer. The other options may also be related to production costs, but they are not as directly related to the cost of producing goods for sale.

Marie Will Account for the Costs Incurred by a Her