Which One of the Following Types of Costs Should Be

question 25

Multiple Choice

Which one of the following types of costs should be included in the cost of a manufactured inventory?

• A)abnormal spoilage
• B)production supervisory salaries
• C)interest costs
• D)selling costs

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Definitions:

Modifications

refers to changes or alterations made to the terms of a contract, agreement, or in the design of a product or system.

Contracts

Legal agreements between parties that are enforceable by law.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Unenforceable

A term describing a contract or clause that, due to certain deficiencies or legal restrictions, cannot be upheld or compelled by law.