Examlex
Which of the following would be considered a product cost for a manufacturing company?
Variable Costing
A bookkeeping approach that incorporates just the variable costs of production (such as direct materials, direct labor, and variable factory overheads) into the costs of products.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs, excluding fixed overhead.
Net Operating Income
A measure of a company's profitability from its core business operations, excluding deductions of interest and taxes.
Variable Costing
A costing method that includes only variable manufacturing costs in product costs, treating fixed manufacturing overhead as a period expense.
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