Under UNICAP,all of the following overhead costs are included in inventory except
A)factory utilities,rent,insurance and depreciation.
B)officers' salaries related to production and factory administration.
C)research and experimentation.
D)All of the above are included in inventory under UNICAP.

Question

Quizplus · Accepted Answer

UNICAP includes most direct and indirect costs related to production, including factory utilities, rent, insurance, depreciation, and officers' salaries related to production and factory administration. However, research and experimentation costs are not included in inventory under UNICAP.

Under UNICAP,all of the Following Overhead Costs Are Included in Inventory