Product costs can refer to expenditures necessary to manufacture products and to administrative support during the time period.

Name: Product costs can refer to expenditures necessary to manufacture products and to administrative support during the time period.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

Product costs refer specifically to expenditures necessary to manufacture products, including direct materials, direct labor, and manufacturing overhead, and do not include administrative support costs, which are considered period costs.

Product Costs Can Refer to Expenditures Necessary to Manufacture Products