Product costs consist of

A) direct materials and direct labor only.
B) direct materials direct labor and manufacturing overhead.
C) selling and administrative expenses.
D) period costs.

Manufacturing Overhead

All the indirect costs associated with manufacturing a product, including indirect materials, labor, and expenses such as utilities and rent.

Product Costs

Product costs are the costs directly attributed to the creation of a product, including materials, labor, and overhead.

Direct Materials

Raw materials that can be directly identified with the production of specific goods or services.