Which of the Following Costs/expenses Is Included in Product Costs

question 58

Multiple Choice

Which of the following costs/expenses is included in product costs under both absorption costing and variable costing?

• A) Supervisory salaries.
• B) Office equipment depreciation.
• C) Variable manufacturing costs.
• D) Variable selling expenses.

---

Definitions:

Actor-Observer Bias

The tendency to attribute one's own actions to external causes while attributing other people's behaviors to their internal characteristics.

Internal Attributions

The process of attributing the cause of a person's behavior to internal or personal factors, rather than external situational factors.

External Attributions

The process of explaining someone's behavior by referring to situational or environmental factors.

Self-Serving Bias

A common cognitive bias that causes individuals to attribute success to personal factors and failures to external factors.