which of the following is a product cost? course hero

What is finished goods?

goods at any stage of the manufacutring process short of completing. As these units are completed, they become finished goods.

What is manufacturing overhead?

manufacturing overhead. a catchall category including all manufacutring costs other than the cost of direct materials used and direct labor. materials inventory. the cost of direct materials on hand and available for use in the manufacturing process. period costs.

What are the costs associated with manufacturing goods or services?

costs associated with manufacturing goods or providing services, also known as manufacturing costs, includes direct material, direct labor and overhead; property taxes on factory building.

What is overhead cost?

costs that cannot be traced easily and accurately to a cost object , often referred to as overhead, most commonly used.

Does a college computer center include direct costs?

The direct costs of operating a college computer center would NOT include

Is administrative cost a period cost?

all costs in the income statement other than cost of goods sold , ( administrative, marketing) treated as expenses of the accounting period in which they are incurred, for manufacturing companies, all non-manufacturing costs are period costs. Selling and administrative costs are classified as. a. product costs.