The three sections of a statement of cost of goods manufactured include:
A)raw material, direct labor, manufacturing overhead.
B)variable expenses, contribution margin, fixed expenses.
C)sales revenue, gross profit, selling and administrative expenses.
D)direct costs, indirect costs, operating profit.

Question

Quizplus · Accepted Answer

The statement of cost of goods manufactured includes raw material, direct labor, and manufacturing overhead, which are the primary components of manufacturing costs.

The Three Sections of a Statement of Cost of Goods