What Costs Are Treated as Product Costs Under Variable (Direct)costing

question 169

Multiple Choice

What costs are treated as product costs under variable (direct) costing?

• A)only direct costs
• B)only variable production costs
• C)all variable costs
• D)all variable and fixed manufacturing costs

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Definitions:

Oil Futures

Contracts for the future delivery of oil, where buyers and sellers agree on a price for oil to be delivered at a specified date in the future.

Price

The amount of money required to purchase a good, service, or asset, often influenced by factors like supply, demand, and market conditions.

Increase

A rise in the value, amount, or level of something.

Gold Futures

Contracts to buy or sell a specific amount of gold at a predetermined price on a specified future date, used for speculation or hedging.