When Are Product Costs Expensed

question 116

Multiple Choice

When are product costs expensed?

• A) when the product is sold
• B) when the product is finished
• C) when the product begins production
• D) when the product unit cost is calculated

---

Definitions:

Supply Curve

A graphical depiction that shows the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to provide, at given prices.

Supply Curve

A graphical representation showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.

Determinant Of Supply

A factor that influences the quantity of a good or service that producers are willing to offer for sale at a given price over a period.

Current Production

The total amount of goods and services produced by an economy or firm at the present time.