Question & Answer: Cost that msut be allocated to products for external reporting purposes include…..

Cost that msut be allocated to products for external reporting purposes include

A) Selling and marketing costs

B) Direct material and direct labor costs

C) The cost of equpiment used to manufacture several different products

D) All of these are correct

Expert Answer

 

Answer is B- B) Direct material and direct labor costs

because direct material,direct labor and manufacturing overheads are allocated to product cost for external reporting purpose.

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