Asked by Ma Kathrina Alindayu on May 11, 2024
Verified
Indirect labor incurred
A)Product cost
B)Period cost
Indirect Labor
Labor costs associated with the production process but not directly working on the product, such as supervisors, maintenance, and cleaning staff.
Product Cost
The total costs associated with producing a product, including direct materials, direct labor, and manufacturing overhead.
Period Cost
Expenses incurred by a business that are not directly tied to the production process, such as marketing, administration, and sales costs, which are expensed in the period in which they occur.
- Determine and organize the different expenses associated with a manufacturing environment.
- Become familiar with direct materials, direct labor, and manufacturing overhead as critical aspects of product costs.
Verified Answer
DP
Learning Objectives
- Determine and organize the different expenses associated with a manufacturing environment.
- Become familiar with direct materials, direct labor, and manufacturing overhead as critical aspects of product costs.