BEC Decision Making review 1

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Joens1313
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300468
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BEC Decision Making review 1
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2015-04-11 12:19:53
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BEC Decision Making review
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BEC Decision Making review 1
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  1. What are the manufacturing cost elements?

    1. ----------------------
    2. direct labor
    3. manufacturing overhead.
    What are the manufacturing cost elements?

    • 1. direct materials
    • 2. direct labor
    • 3. manufacturing overhead.
  2. What are the manufacturing cost elements?

    1. direct materials
    2. ------------------
    3. manufacturing overhead.
    What are the manufacturing cost elements?

    • 1. direct materials
    • 2. direct labor
    • 3. manufacturing overhead.
  3. What are the manufacturing cost elements?

    1. direct materials
    2. direct labor
    3. --------------------------.
    What are the manufacturing cost elements?

    • 1. direct materials
    • 2. direct labor
    • 3. manufacturing overhead.
  4. What are the manufacturing cost elements?

    1. ---------------
    2. --------------------
    3. ------------------.
    What are the manufacturing cost elements?

    • 1. direct materials
    • 2. direct labor
    • 3. manufacturing overhead.
  5. what is direct labor?
    direct labor represents the labor that acts directly on the product and physically transforms or manipulates the products.
  6. what is direct materials?
    Direct materials are the materials that become an integral part of the finished product and are easily traceable to the finished product.
  7. What is manufacturing overhead?
    Manufacturing overhead costs consist of all production cost other than direct material and direct labor costs.
  8. what is the conversion cost?
    the conversion cost is the sum of the direct labor and manufacturing overhead.
  9. the ------------------------------ is the sum of the direct labor and manufacturing overhead.
    the conversion cost is the sum of the direct labor and manufacturing overhead.
  10. what are prime costs?
    Prime cost is the sum of the direct materials and direct labor costs.
  11. -------------------- is the sum of the direct materials and direct labor costs.
    Prime cost is the sum of the direct materials and direct labor costs.
  12. what are product costs?
    product costs are costs that are inventoriable (directly or indirectly related to physical units.
  13. -----------------------become an expense when the goods to which the costs attached are sold.
    product cost become an expense when the goods to which the costs attached are sold.
  14. what are period costs?
    period costs are costs that are not incurred in the production of physical units and are not inventoried.
  15. All selling and administrative costs are --------------------------.
    All selling and administrative costs are period costs.

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