Which of the Following Is a Product Cost

question 54

Multiple Choice

Which of the following is a product cost?

• A)Glass in an automobile.
• B)Advertising.
• C)The salary of the vice president-finance.
• D)Rent on a factory.
• E)Both "A" and "D."

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Definitions:

Standards

Established requirements, specifications, guidelines, or characteristics to be used consistently to ensure that materials, products, processes, and services are fit for their purpose.

Product Costs

Direct costs attributable to the creation of a product, including direct labor, materials, and manufacturing overhead.

Cost Standards

Cost standards refer to pre-determined costs for products, operations, or projects, used as benchmarks for measuring actual performance or costs.

Accountants

Professionals who perform accounting, auditing, and other financial operations for businesses or individuals.