(Click the icon to view the terms.) Use the terms from the list to complete the following sentences Click the icon to view the sentences.) are incurred during the process of transforming direct materials into finished goods ready for sale, 2) 3) remains unchanged for a given time period, despite wide changes in the related level of total activity or volume of output are all costs of a product that are considered as assets on the statement of financial position when they are incurred. are all direct manufacturing costs. 5) are all costs in the statement of profit and loss other than cost of goods sold, ) 6) changes in proportion to changes in the related level of total activity or volume. A number of terms are provided (Click the icon to view the terms.) Use the forms from the list to complete the following sentencos: (Click the icon to view the sentences) 2) 2) 3) remains unchanged for a given time period, despite wide changes in the related level of total activity or volume of output are all costs of a product that are considered as assets on thelytatement of financial position when they are incurred. are all direct manufacturing costs 4) 5) are all costs in the statement of profit and loss other than cost of goods sold. 6) changes in proportion to changes in the related level of total activity or volume 7) of a cost object are related to the particular cost object but cannot be traced to it in an economically feasible (cost-effective way B) v information is cost information that will change a decision. It is needed to identify and remedy different cost-management problems prime cost inventoriable cost indirect cost variable cost fixed cost period cost conversion cost relevant cost Print Done