Which of the following are considered product costs in a throughput costing income statement? I Direct materials
II Direct labor
III Variable overhead
A) I and II only
B) I only
C) II and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Throughput costing only includes direct materials as a product cost. Direct labor and variable overhead are considered period costs under throughput costing.

Which of the Following Are Considered Product Costs in a Throughput