Which of the following is included in full product cost?
A)All direct labor and direct material costs and all production and nonproduction costs.
B)Only nonproduction costs.
C)Only the costs of direct material.
D)Only the costs of direct labor.

Question

Quizplus · Accepted Answer

Full product cost includes all direct labor and direct material costs, as well as all production and nonproduction costs. This is a broader definition than just the costs of direct material or direct labor, or only nonproduction costs.

Which of the Following Is Included in Full Product Cost