Which of the Following Would NOT Be Treated as a Product

question 31

Multiple Choice

Which of the following would NOT be treated as a product cost for external financial reporting purposes?

• A)Depreciation on a factory building.
• B)Salaries of factory workers.
• C)Indirect labor in the factory.
• D)Advertising expenses.

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Definitions:

Perfectly Inelastic

Perfectly inelastic describes a situation where the quantity demanded or supplied does not change in response to a change in price.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or reimburses the insured for expenses incurred from illness or injury.

Americans

Residents or citizens of the United States of America.