From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Appr Sentence com a. An example of factory overhead is (electricity used to run assembly line, CEO salary). b. Direct materials costs combined with direct labor costs are called (prime, conversion) costs. c. Long-term plans are called (strategic, operational) plans. d. Materials for use in production are called (supplies, materials inventory). e. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process delivers the correct product in the correct quantities is called (directing, improving). f. The plant manager's salary would be considered (direct, indirect) to the product. g. The salaries of salespeople are normally considered a (period, product) cost.
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Appr Sentence com a. An example of factory overhead is (electricity used to run assembly line, CEO salary). b. Direct materials costs combined with direct labor costs are called (prime, conversion) costs. c. Long-term plans are called (strategic, operational) plans. d. Materials for use in production are called (supplies, materials inventory). e. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process delivers the correct product in the correct quantities is called (directing, improving). f. The plant manager's salary would be considered (direct, indirect) to the product. g. The salaries of salespeople are normally considered a (period, product) cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Courses
minology
presented in parentheses, choose the appropriate term for completing each of the following sentences:
Appropriate term for
completing sentence
factory overhead is (electricity used to run assembly line, CEO salary).
als costs combined with direct labor costs are called (prime, conversion) costs.
ns are called (strategic, operational) plans.
use in production are called (supplies, materials inventory).
the management process that uses process information to eliminate the source of problems in a process so that the process
ect product in the correct quantities is called (directing, improving).
ager's salary would be considered (direct, indirect) to the product.
alespeople are normally considered a (period, product) cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d5bddb5-fbe6-417e-80cb-facab934dd9c%2F9740b011-6e49-4471-97bb-0f55d9c208fa%2F7t1xcs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Courses
minology
presented in parentheses, choose the appropriate term for completing each of the following sentences:
Appropriate term for
completing sentence
factory overhead is (electricity used to run assembly line, CEO salary).
als costs combined with direct labor costs are called (prime, conversion) costs.
ns are called (strategic, operational) plans.
use in production are called (supplies, materials inventory).
the management process that uses process information to eliminate the source of problems in a process so that the process
ect product in the correct quantities is called (directing, improving).
ager's salary would be considered (direct, indirect) to the product.
alespeople are normally considered a (period, product) cost.
![Concepts and Terminology
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:
Appr
Sentence
comp
a. An example of factory overhead is (electricity used to run assembly line, CEO salary).
b. Direct materials costs combined with direct labor costs are called (prime, conversion) costs.
c. Long-term plans are called (strategic, operational) plans.
d. Materials for use in production are called (supplies, materials inventory).
e. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process
delivers the correct product in the correct quantities is called (directing, improving).
f. The plant manager's salary would be considered (direct, indirect) to the product.
g. The salaries of salespeople are normally considered a (period, product) cost.
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Transcribed Image Text:Concepts and Terminology
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:
Appr
Sentence
comp
a. An example of factory overhead is (electricity used to run assembly line, CEO salary).
b. Direct materials costs combined with direct labor costs are called (prime, conversion) costs.
c. Long-term plans are called (strategic, operational) plans.
d. Materials for use in production are called (supplies, materials inventory).
e. The phase of the management process that uses process information to eliminate the source of problems in a process so that the process
delivers the correct product in the correct quantities is called (directing, improving).
f. The plant manager's salary would be considered (direct, indirect) to the product.
g. The salaries of salespeople are normally considered a (period, product) cost.
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