Which of the Following Costs Is NOT a Product Cost

question 32

Multiple Choice

Which of the following costs is NOT a product cost?

• A)rent on an office building
• B)indirect labour
• C)repairs on manufacturing equipment
• D)steel used in inventory items produced

---

Definitions:

Assignee

A person, company, or entity to whom rights or interests have been transferred by another, known as the assignor.

Liabilities

Obligations that a person or company owes to others, often in the form of debts or other financial commitments.

Check Conversion

The process of electronically transforming a paper check into an electronic payment, speeding up the transaction process.

Holder in Due Course

A legal term for a person who has acquired a negotiable instrument in good faith and for value, thereby having certain protections.