The Three Major Cost Components of Manufacturing a Product Are

question 162

Multiple Choice

The three major cost components of manufacturing a product are:

• A)Marketing,selling,and administrative costs.
• B)Indirect labor,indirect materials,and fixed expenses.
• C)Direct materials,direct labor,and factory overhead.
• D)Product costs,period costs,and variable costs.
• E)General,selling,and administrative costs.

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Definitions:

Expressed

Clearly stated or demonstrated; made explicitly known.

Asserted

Stated or expressed positively and often forcefully or aggressively.

Assert Proposition

To claim that a certain proposition, a statement that can be true or false, is true.

Hypothetical-deductive Reasoning

A cognitive process, identified by Piaget, involving the ability to formulate hypotheses and systematically deduce the most logical consequences to solve a problem.