The income statement for both a merchandiser and a manufacturer would includeOa. direct labor incurredOb. direct materialsOc. operating expensesOd. cost of goods manufactured

The correct answer is: (C) Operating expenses Operating expenses are the costs associated with…

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Accounting

The income statement for both a merchandiser and a manufacturer would include

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8MC: Which of the following is not considered a product cost? A. direct materials B. direct labor C....

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The income statement for both a merchandiser and a manufacturer would include
Oa. direct labor incurred
Ob. direct materials
Oc. operating expenses
Od. cost of goods manufactured

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