All of the Following Are Product Costs EXCEPT

question 15

Multiple Choice

All of the following are product costs EXCEPT

• A)direct materials.
• B)direct labour.
• C)manufacturing overhead.
• D)selling and administrative costs.
• E)none of the above.

---

Definitions:

Marginal Utility

The supplementary enjoyment or value obtained by consuming an extra unit of a good or service.

Total Utility

The overall satisfaction or happiness a consumer derives from consuming a certain quantity of goods and services.

Marginal Utility

The extra benefit or utility gained from acquiring or consuming an additional unit of a product or service.

Utility Per Dollar

The amount of satisfaction or usefulness gained per unit of currency spent, used to measure consumer value.