Which of the Following Is NOT a Product Cost

question 32

Multiple Choice

Which of the following is NOT a product cost?

• A) Indirect labor
• B) Depreciation of factory equipment
• C) Indirect materials
• D) Depreciation of corporate headquarters

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Definitions:

World War II

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Full Employment

Refers to the condition in an economy where all available labor resources are being used in the most efficient way possible, essentially meaning that there is no cyclical or involuntary unemployment.

Production Curve

The production curve, often referred to as the production possibility frontier, is a graph that shows the maximum number of goods or services that can be produced with a fixed amount of resources.