Designing, Marketing, Customer Services, Research and Development Expenses Are All

question 211

True/False

Designing, marketing, customer services, research and development expenses are all examples of operating costs.

---

Definitions:

Work in Process

Inventory that includes items being manufactured but not yet completed, representing a stage between raw materials and finished goods.

Raw Materials

are basic substances or components used in the manufacturing process to create finished goods.

Storeroom

A room or space used to store materials, tools, and other supplies needed for operations or production.

Indirect Labor Costs

Wages paid to employees who are not directly involved in the production of goods or services, such as maintenance and supervisory staff.