Assessment Question Question: 3 of 20 Status: Unanswered User: Shuibing Zheng Which of the following is not a characteristic of product costs? O A. Product costs include direct materials, direct labor, and manufacturing overhead. B. Product costs include costs of the factors of production identifiable with the product. C. Product costs are expensed when the product is sold. OD Product costs do not include any fixed cost. The final amount in the cost of goods manufactured (COGM) statement is O A. The cost of goods sold for the period. O B. The total cost of manufactured goods started and completed this period. OC. The total cost of manufactured goods completed during the period. O D. The total cost of manufacturing for the period. Which factor determines whether a cost is direct or indirect? A. The cost is expensed when incurred. B. The expenditure is unavoidable. C. The cost is fixed or variable. OD. It is specifically associated with one cost object