Product costs consist of
A) period costs.
B) indirect materials, indirect labor, and administrative costs.
C) direct materials, direct labor, and selling costs.
D) direct materials, direct labor, and overhead.

Question

Quizplus · Accepted Answer

Product costs consist of direct materials, direct labor, and overhead. Indirect materials, indirect labor, and administrative costs are considered manufacturing overhead and are included in the overhead cost. Selling costs are considered period costs and are not included in product costs.

Product Costs Consist of