QUESTION 20 Which of the following would not be classified as a product cost? O

Question

QUESTION 20 Which of the following would not be classified as a product cost? O Direct materials O Direct labor O Indirect materials. O Insurance on a manufacturing plant. O Sales commissions QUESTION 21 A value chain consists of the major subassemblies that add value to a product. Q True O False QUESTION 22 Which of the following would NOT be treated as a product cost for external financial reporting purposes? Depreciation on a factory building. Salaries of factory workers O Indirect labor in the factory. Advertising expenses QUESTION 23

Explanation / Answer

Question 20) Product Cost is a cost which is related to production of the any product. in given options sales commission is not related to product cost because it is given on sale of product. So, Answer = Option 5 = Sales Commissions Question 21) Answer = Option 1 = True Question 22) Product Cost is a cost which is related to production of the any product. So in given options advertising expenses is not related to product cost Answer = Option 4 = Advertising Expenses

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