Which of the following costs would be included in traditional product costs used for external reporting?
A) research and development
B) production
C) marketing
D) all of the above

Question

Quizplus · Accepted Answer

Traditional product costs used for external reporting include direct material, direct labor, and manufacturing overhead costs associated with production. Research and development and marketing costs are considered period costs and are expensed during the period in which they are incurred, rather than being included in the product cost.

Which of the Following Costs Would Be Included in Traditional