Question

Marshall Corporation incurred costs for materials and labor needed to manufacture its products. These costs are examples of: Multiple Choice Period costs. Product costs. General costs. Balance sheet costs. Capitalized costs.

Answer 1

Product costs

Step-by-step explanation:

The product cost is the cost that is directly related to the manufacturing of the product. It includes direct material cost, direct labor cost, manufacturing overhead cost

Even we can find out the product cost by applying the following formula

Product cost = Direct materials used + Direct labor + manufacturing overhead