Any costs associated with storing, selling, and delivering the product are classified as product costs.
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Q2: Prime cost is the sum of direct
Q30: Cost of goods manufactured represents the cost
Q31: All manufacturing costs are classified as overhead.
Q32: Period costs are all costs that are
Q33: For external reporting purposes, costs must be
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Q36: Product costs include direct materials, direct labor,
Q37: Property taxes on a factory building would
Q38: Sales revenue equals the product cost per
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