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Match the definition to the letter A) Indirect Cost B) Period Cost C) Product Cost D) Direct Cost E) Conversion Costs F) Prime Costs Defintions:

Match the definition to the letter A) Indirect Cost B) Period Cost C) Product Cost D) Direct Cost E) Conversion Costs F) Prime Costs Defintions:

Cost cannot be traced to a specific product, process, or department.

Cost incurred not related to creating the product itself.

Direct costs incurred in making a product.

Cost can be directly traced to a specific product, department or process.

Costs incurred to turn a raw material into a finished good.

Cost is related to created a product either directly or indirectly.

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