All costs, which are assigned to manufactured products for specific calculations are classified as

A. contracting costs

B. product cost

C. government costs

D. marketing costs

Answer: Option B

Solution(By Examveda Team)

All costs, which are assigned to manufactured products for specific calculations are classified as product cost. Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead.