Asked by Michael Clayton on May 13, 2024
Verified
Under variable costing,product costs consist of direct labor,direct materials,and ________.
Variable Costing
A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, contrasting with absorption costing that also includes fixed costs.
Product Costs
Costs that are incurred to create a product that is intended for sale to customers. This includes direct materials, direct labor, and manufacturing overhead.
Direct Labor
Costs associated with employees who are directly involved in the production of goods or the provision of services, such as wages for factory workers.
- Ascertain product expenses that are directly attributable to the product.
Verified Answer
SS
Learning Objectives
- Ascertain product expenses that are directly attributable to the product.