Which of the following statements best describes product costs?
A)Product costs are direct materials and direct labour costs only.
B)Product costs are manufacturing costs.
C)Product costs do not include overhead.
D)Product costs do not include direct materials.

Question

Quizplus · Accepted Answer

Product costs include all costs associated with manufacturing a product, including direct materials, direct labor, and overhead costs.

Which of the Following Statements Best Describes Product Costs