Which of the following are considered product costs in a throughput costing income statement?
I. Direct materials
II. Direct labour
III. Variable overhead
A)I and II only
B)I only
C)II and III only
D)I, II, and III

Question

Quizplus · Accepted Answer

In throughput costing, only direct materials are considered product costs. Direct labor and variable overhead are treated as period costs.

Which of the Following Are Considered Product Costs in a Throughput