Multiple Choice Questions on Costs identified with the product and are included in inventory values is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Costs identified with the product and are included in inventory values is ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    Costs identified with the product and are included in inventory values is:

    Product Cost

    Correct Answer

    Period Cost

    Incorrect Answer

    Marginal cost

    Incorrect Answer

    Sunk cost

    Incorrect Answer
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    Explanation:

    Product Cost are those costs identified with the product and are included in inventory values. It is composed of four elements-direct material, direct labour, direct expenses and manufacturing overheads.

    By: Vikas Goyal
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