inventoriable costs are also known as _______ costs.\na) fixed\nb) product\nc) conversion\nd) variable

inventoriable costs are also known as _______ costs.\na) fixed\nb) product\nc) conversion\nd) variable

inventoriable costs are also known as _______ costs.\na) fixed\nb) product\nc) conversion\nd) variable

Answer

Brief Explanations:

Inventoriable costs are costs that are assigned to inventory and are considered part of the cost of goods sold when the inventory is sold. Product costs include direct materials, direct labor, and manufacturing overhead, which are all inventoriable. Fixed costs (A) are costs that do not change with the level of production. Conversion costs (C) are direct labor and manufacturing overhead. Variable costs (D) change with the level of production but not all variable costs are inventoriable (e.g., variable selling costs are not).

Answer:

B. product