The cost of a manufactured product generally consists of which of the following costs?

A) direct materials cost and factory overhead cost only
B) direct labor cost and factory overhead cost only
C) direct labor cost, direct materials cost, and factory overhead cost
D) direct materials cost and direct labor cost only

Manufactured Product

A good that has undergone a transformation process from raw materials to a finished product ready for sale.

Factory Overhead Cost

The indirect costs associated with manufacturing, including utilities, rent, and salaries for support staff, that cannot be directly traced to a specific product.

Direct Materials Cost

The expense associated with raw materials that can be directly traced to the production of a specific good.