Which cost of goods purchased includes the

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Problem 1: Which of the following is not a period cost?

A. Marketing costs
B. Administrative costs
C. Research and development
D. Factory overheads

Problem 2: Cost of goods purchased includes the:

A. purchase cost.
B. transportation inward cost.
C. storage cost.
D. purchase cost AND transportation inward cost.

Problem 3: Product costs comprise:

A. direct materials, direct labour and manufacturing overhead.
B. direct materials and manufacturing overhead.
C. direct labour and manufacturing overhead.
D. direct materials and direct labour.

Reference no: EM132611384

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