For external financial reporting,only ________ costs are assigned to products or services.For internal financial reporting,any ________ costs can be assigned to products or services.
A)controllable; avoidable
B)avoidable; controllable
C)common; unavoidable
D)production; nonproduction

Question

Quizplus · Accepted Answer

For external financial reporting, only production costs (direct materials, direct labor, and manufacturing overhead) are assigned to products or services. For internal financial reporting, any nonproduction costs (such as selling and administrative expenses) can also be assigned to products or services for decision-making purposes.

For External Financial Reporting,only ________ Costs Are Assigned to Products