The three product costs of any manufactured item are direct materials, manufacturing overhead and direct:
ALeases
BLosses
CLabour
DLevies
Answer & Solution
Correct answer: C. Labour
1. Materials and overhead cover the inputs and the support costs.
2. The remaining input is the work of people making the product.
3. The third product cost is direct labour.
_Source: OpenStax Principles of Managerial Accounting, Chapter 4, Job Order Costing._
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