What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and all factory overhead cost? a. Variable costing b. Standard costing c. Marginal costing d. Absorption costing

What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and all factory overhead cost? 1. Variable costing b. Standard costing c. Manginal corsting d. Absorplion costing