For a manufactured product,indirect materials and indirect labor are:
A)overhead and period costs.
B)overhead and product costs.
C)operating and period costs.
D)operating and product costs.

Question

Quizplus · Accepted Answer

Indirect materials and indirect labor are both considered part of manufacturing overhead, which is a type of indirect cost that is incurred during the production process but cannot be directly traced to specific units of product. Manufacturing overhead is a component of product costs, which are the costs associated with producing a product. Therefore, indirect materials and indirect labor are both classified as overhead and product costs.

For a Manufactured Product,indirect Materials and Indirect Labor Are