____ costs include building rent or mortgage, advertising, insurance, utilities, taxes, licenses, governmental fees, accounting, loan payments, and property upkeep.

Question

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These costs are commonly referred to as overhead costs as they are necessary expenses for running a business but do not directly contribute to the production of the product or service. Option A, scrap costs refer to the cost incurred due to the production of damaged or unusable products. Option C, material costs refer to the cost of raw material used for production. Option D, process costs refer to the cost of transforming raw material into finished products.

____ Costs Include Building Rent or Mortgage, Advertising, Insurance, Utilities