Which of the following costs include all of the costs associated with production of a product?
A)Inventoriable
B)Direct
C)Mixed
D)Overhead

Question

Quizplus · Accepted Answer

Inventoriable costs, also known as product costs, include all costs associated with the production of a product. This includes direct materials, direct labor, and overhead. Mixed costs are a combination of fixed and variable costs, while overhead is a subset of inventoriable costs that includes indirect materials, indirect labor, and other miscellaneous costs. Direct costs only include costs specifically related to the production of a particular product or service.

Which of the Following Costs Include All of the Costs