Opportunity costs at a manufacturing company are not part of manufacturing overhead.
Correct Answer:
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Q9: Selling and administrative expenses are period costs
Q10: The sum of all manufacturing costs except
Q11: Conversion cost is the same thing as
Q12: The three cost elements ordinarily included in
Q13: Selling costs are indirect costs.
Q15: Conversion cost equals product cost less direct
Q16: Depreciation on equipment a company uses in
Q17: Advertising is not considered as a product
Q18: In a manufacturing company, all costs are
Q19: Prime cost equals manufacturing overhead cost.
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