8) Finished goods inventory would normally include A) direct materials in stock and awaiting use in the manufacturing process B) goods partially worked on but not yet fully completed C) goods fully completed but not yet sold D) goods retumed after being sold to be re-worked on further improvements and quality 9) Which of the following is a period cost? A) sales promotion expenses B) direct material cost C) direct labor cost D) indirect manufacturing costs like plant insurance 10) are the acquisition costs of all materials that eventually become part of the cost object and can be traced to the cost object. A) Sales taxes paid to acquire materials B) Wages paid to assembly-line workers C) Plant depreciation incurred D) Property taxes on plant 11) Period costs A) include only fixed costs B) seldom influence financial success or failure C) include the cost of selling, delivering, and after-sales support for customers D) should be treated as an indirect cost rather than as a direct manufacturing cost 12) Inventoriable costs are costs of a product that are A) costs of a product that are considered assets in a company's balance sheet when the costs are incurred and that are expensed as cost of goods sold only when the product is sold B) considered liabilities in a company's balance sheet when the costs are incurred and that are expensed only when the product is sold C) considered as assets in a company's income statement when the costs are capitalized and that are expensed as cost of goods sold only when the product is sold D) considered as liabilities in a company's income statement when the costs are capitalized and that are expensed only when the product is sold 13) Total manufacturing costs is comprised of A) direct materials costs and period costs B) direct materials costs, direct manufacturing labor costs, and manufacturing overhead costs C) indirect materials costs, indirect manufacturing labor costs, and manufacturing overhead costs D) prime costs and period costs