The costs associated with getting products and services ready for sale are known as:
A)Sales costs.
B)Conversion costs.
C)Opportunity costs.
D)Product costs.
E)Costs of goods sold.

Question

Quizplus · Accepted Answer

The costs associated with getting products and services ready for sale are known as product costs. These costs include direct materials, direct labor, and manufacturing overhead. They are incurred in the production process and are necessary to create a finished product that can be sold to customers.

The Costs Associated with Getting Products and Services Ready for Sale