Direct Material and Direct Labor Costs Are Assigned to Inventory

question 27

Multiple Choice

Direct material and direct labor costs are assigned to inventory when using I Absorption costing
II Throughput costing
III Variable costing

• A) I and III only
• B) I and II only
• C) II and III only
• D) I, II, and III

---

Definitions:

Balance Of Payments

A statement that summarizes a country's transactions with the rest of the world, including trades, loans, and payments.

Productive Investments

Investments channeled towards the enhancement of production capabilities, technological advancements, or efficiency improvements in an economy.

British Pound

The currency of the United Kingdom, known officially as the pound sterling, and recognized by its symbol £.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's economic growth and balance of trade.