Manufacturing costs are also known as product costs. Which of the following best describes those costs which are considered to be manufacturing costs?
A. Direct materials, direct labour, and factory overhead
B. Direct materials and direct labour only
C. Direct materials, direct labour, factory overhead and administrative overhead
D. Direct labour and factory overhead
Answer: Option C
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

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