The Following Are True Regarding Product Costs Except

question 107

Multiple Choice

The following are true regarding product costs except

• A) product costs are found on the balance sheet until they are sold.
• B) product costs consist of direct labor, direct materials, and factory overhead.
• C) product costs can be found in three accounts in the balance sheet.
• D) product costs include sales and administrative expenses.

---

Definitions:

Possible

That which can be done or achieved, within the realm of reality or probability.

Linear Equation

An equation between two variables that produces a straight line when plotted on a graph.

Linear Equation

An equation that makes a straight line when plotted on a graph, typically of the form \(ax + by = c\).

Solve

To find the value or values that satisfy an equation, inequality, or other mathematical problem.