Answer these following questions: 1. A manufactured product has three inventoriable costs: direct materials, direct labor, and manufacturing overhead or indirect costs A True B. False 2. The raw materials included in a manufactured product are referred to as Direct Labor Direct Material c. Overhead D. None of these 3. The wages of employees working on a manufacturer's assembly line are part of the product cost known as A. Direct Labor B. Direct Material c. Overhead D. None of these 4. The rent paid to lease a manufacturing facility would be classified as which of these A. Direct Labor 5. D. None of these The materials price variance may be computed by: A. (Actual price - Standard price) X Actual quantity used B. (Actual price - Standard price) X Standard quantit C. (Actual quantity - Standard quantity) X Actual price D. (Actual quantity - Standard quantity) X Standard price