Which of the Following Is Considered a Service

question 132

Multiple Choice

Which of the following is considered a service?

• A)hotel stay
• B)trash bags
• C)silverware
• D)washing machine
• E)freedom

---

Definitions:

Cost of Goods Manufactured

The total cost incurred by a company to produce goods in a specific period, including the cost of direct materials, direct labor, and manufacturing overhead.

Beginning Finished Goods Inventory

The value of a company’s finished goods inventory at the start of an accounting period.

Cost of Goods Manufactured

The total production cost (materials, labor, and overhead) of goods completed and ready for sale during a specific period.

Direct Labor

The wages paid to workers who are directly involved in the production of goods or in providing services.