Match the Costs That Follow to the Type of Product

question 101

Multiple Choice

Match the costs that follow to the type of product cost (a-c) or designate as not a product cost (d) .
-plastic parts

• A)direct labor
• B)direct materials
• C)factory overhead
• D)not a product cost

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Definitions:

Funds

Financial resources set aside for a specific purpose or project.

Angel Investor

A type of investor who uses his or her own money to provide funds to young startup private businesses run by entrepreneurs who are neither friends nor family.

Private Businesses

Enterprises owned by individuals or groups without governmental shares and not traded on the public stock markets, characterized by privately held ownership structures.

Entrepreneurs

Individuals who organize and operate businesses, taking on greater than normal financial risks.