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Managerial Accounting Concepts and Principles
?
The three basic elements of the cost of a manufactured product are:
indirect materials, indirect labour, and manufacturing overhead
merchandise inventory, work in process, and finished goods inventory
direct materials, work in process, and finished goods inventory
direct materials, direct labour, and manufacturing overhead
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
direct materials, direct labour, and manufacturing overhead
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Which of the following is not true?
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Which of the following are basic inventories for a manufacturer?
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The three basic elements of the cost of a manufactured product are:
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Which of the following would not be an element of factory overhead?
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A firm had beginning finished goods inventory of $20,000; its cost of goods manufactured was $75,000; its gross margin was $80,000; and its sales were...
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A firm had beginning finished goods inventory of $15,000; ending finished goods inventory of $20,000; and its cost of goods sold was $80,000. The cost...
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A cost which changes in proportion to changes in volume of activity is called a:
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A direct cost is a cost that is classified by:
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A sunk cost is a cost that is classified by:
