Direct Labor Cost Is an Example of a Product Cost

question 1

True/False

Direct labor cost is an example of a product cost.

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Definitions:

Designated

Appointed or chosen for a specific purpose or position; marked for a specific role or use.

Statute

A law enacted by a legislative body.

Tenancy for Years

A lease agreement that lasts for a specific and fixed period, after which it automatically ends without the need for notice.

Duration

The time period for which something lasts or is intended to last.