=+d. A product, sales territory, department, or activity to which costs are traced is called a (direct

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=+d. A product, sales territory, department, or activity to which costs are traced is called a (direct cost, cost object).

e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory).

f. Factory overhead costs combined with direct labor costs are called (prime, conversion)

costs.

g. Advertising costs are usually viewed as (period, product) costs.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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