Product costs:
A) Are expenditures necessary and integral to finished products.
B) Are expenditures identified more with a time period rather than with finished products.
C) Include selling and administrative expenses.
D) Are only costs that vary with the volume of activity.
E) Are only costs that do not vary with the volume of activity.

Question

Quizplus · Accepted Answer

Product costs are costs that are necessary and integral to finished products. These costs include direct materials, direct labor, and manufacturing overhead.

Product Costs