From the choices presented in parentheses, choose the appropriate termfor completing each of the following sentences:a. A product, sales territory, department, or activity to which costsare traced is called a (direct cost, cost object).b. Advertising costs are usually viewed as (period, product) costs.c. Factory overhead costs combined with direct labor costs arecalled (prime, conversion) costs.d. Feedback is often used to improve, direct) operations.e. A sacrifice made to obtain some benefit is a (cost, expense).f. The balance sheet of a manufacturer would include an accountfor (cost of goods sold, work in process inventory).g. The implementation of automatic, robotic factory equipmentnormally increases, decreases the direct labor component ofproduct costs.
From the choices presented in parentheses, choose the appropriate term
for completing each of the following sentences:
a. A product, sales territory, department, or activity to which costs
are traced is called a (direct cost, cost object).
b. Advertising costs are usually viewed as (period, product) costs.
c.
called (prime, conversion) costs.
d. Feedback is often used to improve, direct) operations.
e. A sacrifice made to obtain some benefit is a (cost, expense).
f. The
for (cost of goods sold, work in process inventory).
g. The implementation of automatic, robotic factory equipment
normally increases, decreases the direct labor component of
product costs.
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