Which of the Following Are Considered Product Costs in a Throughput

question 78

Multiple Choice

Which of the following are considered product costs in a throughput costing income statement?
I. Direct materials
II. Direct labour
III. Variable overhead

• A)I and II only
• B)I only
• C)II and III only
• D)I, II, and III

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Definitions:

Axis Titles

Descriptive labels used in charts or graphs to identify the different axes, usually the x-axis (horizontal) and y-axis (vertical).

Interpret

The act of explaining or determining the meaning of something, often used in the context of data analysis or language translation.

Chart

A visual representation of data designed to make information easier to understand, can be in various forms like pie, line, or bar.

Quick Table

A predefined table template feature in some word processing software that allows users to insert a table quickly by selecting from a variety of common table layouts and designs.