Question

Complete the following statements with one of the terms listed here. You may use a term more than​ once, and some terms may not be used at all. Prime costs Cost objects Product costs Assigned Direct costs Fringe benefits Period costs Assets Cost of goods sold Indirect costs Conversion costs Total costs

Answer 1

Answer:

Follows are the solution to this question:

Explanation:

• The Conversion costs applied on the direct materials into finished products is transformation price.
• The Period costs include costs for research and innovation, marketing, allocation, and also customer service.
• The direct material, extra production overhead, is equivalent to Prime costs.
• In the installation of a car metal, tires, motors, poling, floorboards, and dashboards have been used. Even though manufacturing companies can trace the cost to multiple ones or batches of automobiles for components (such as cargo and importation duties), such expense to cars are considered Direct costs.
• The costs are the costs, that can be tracked instantly to a(n) Cost objects are Direct costs.
• Initially, Product costs are known to income statement Assets.
• A much less accurate cost figure for both the Cost Object is allocated to the Assigned.
• Indirect costs could not be traced directly to Cost objects.
• The prices of the entire supply (Total costs) chain comprise the prices of all resources.