Costs that are incurred as part of the manufacturing process, but are not clearly traceable to the specific unit of product or batches of products, are called: period costs sunk costs fixed costs factory overhead Question 6 1 pts accounting provides information to managers, employees and decision makers internal to the organization. financial managerial organizational The 3 major components of manufacturing a product are: variable costs, period costs, and sunk costs direct labor, indirect materials, and prime costs direct materials, direct labor and factory overhead direct materials, opportunity costs and sunk costs A range. cost is a cost that does not change with changes in the volume of activity within a relevant fixed direct opportunity variable A regular-size tire that is used in production of a car is a cost. mixed indirect fixed direct A cost is a combination of a fixed cost and a variable cost. mixed combo controllable direct Direct Materials cost + Direct Labor cost = O prime costs conversion costs O period costs fixed costs The Fixed Cost Total Dollars would be represented in a graph that: curves upward curves down is a stepping line is a straight line A process. summarizes the types and amounts of costs incurred in a company's manufacturing Manufacturing Statement Balance Sheet Organizational Statement Income Statement Products that are in the process of being manufactured but not yet complete are in the: Work in Process Inventory account on the Balance Sheet Work in Process Inventory account on the Income Statement Raw Materials Inventory account on the Balance Sheet O Finished Goods Inventory account on the Balance Sheet