1. The cost of a manufactured product generally consists of which of the followi

1. The cost of a manufactured product generally consists of which of the following costs?A. direct materials cost and factory overhead costsB. direct labor cost and factory overhead costsC. direct labor cost direct materials cost and factory overhead costD. direct materials cost and direct labor cost2. Costs that are treated as assets until the product is sold are called:A. product costsB. period costsC. conversion costsD. selling expense3. A manufacturing business typically has the following three types of inventory classifications: raw materials work-in-process and finished goodsA. trueB. false4. Which of the following cost systems would most likely be used by a home builder?A. job order cost systemB. general cost systemC. replacement cost systemD. process cost system