The total of the costs assigned to a particular product for a specific purpose is called
A)direct cost.
B)inventoriable cost.
C)marketing cost.
D)product cost.
E)prime cost.

Question

Quizplus · Accepted Answer

Product cost is the total of the costs assigned to a particular product for a specific purpose, such as production or manufacturing, including direct materials, direct labor, and factory overhead. The other options (direct cost, inventoriable cost, marketing cost, prime cost) do not encompass all of the costs associated with producing a product.

The Total of the Costs Assigned to a Particular Product