Which of the Following Are Considered to Be Product Costs

question 23

Multiple Choice

Which of the following are considered to be product costs under absorption costing:
I.Variable manufacturing overhead.

II.Fixed manufacturing overhead.

III.Selling and administrative expenses.

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

---

Definitions:

Aptitudes

Natural abilities or talents that make it easier for an individual to learn certain skills or perform certain tasks.

Values

Core beliefs or standards that guide and motivate attitudes and actions, reflecting what is important to an individual or society.

Norms

Shared expectations or rules within a society or group about how members should act.

Personality Test

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.