Which costs would be included in traditional product costs used for external reporting?
A)research and development costs
B)production costs
C)marketing costs
D)selling costs

Question

Quizplus · Accepted Answer

Traditional product costs used for external reporting typically include direct materials, direct labor, and overhead costs associated with production. Research and development, marketing, and selling costs are generally not included in product costs, but instead are classified as period expenses and are expensed in the period incurred.

Which Costs Would Be Included in Traditional Product Costs Used