A Company Incurred Manufacturing Costs That Were Product Costs, but They

question 91

Multiple Choice

A company incurred manufacturing costs that were product costs, but they are not classified as either direct materials or direct labour.What are these called?

• A)manufacturing overhead
• B)selling and administrative expenses
• C)period costs
• D)marketing costs

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Definitions:

Vertical Thinking

A problem-solving approach that involves analyzing and breaking down a problem into its components in a linear, step-by-step manner.

Logical Process

refers to a methodical, rational approach to reasoning and problem-solving, often following a clear sequence of steps.

Political Model

A framework used to analyze the power dynamics, conflicts, and interests within organizations or governmental structures.

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that influence an organization's operations.