Match the Costs That Follow to the Type of Product

question 194

Multiple Choice

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

• A)Direct labor
• B)Direct materials
• C)Factory overhead
• D)Not a product cost

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Definitions:

Purchase Price

The amount of money paid to acquire a product or service.

Cash

Cash in the form of coins or paper money, ready for trading or banking activities.

Beginning Balance

The amount of money or value of an account at the start of a new accounting period.

Ending Balance

The final amount in an account at the end of a reporting period, after all additions and subtractions have been accounted for.