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Match the following definitions and concepts: Direct labor, direct materials, and manufacturing overhead Costs that are expensed in the period they are incurred. [Choose) Gross

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Match the following definitions and concepts: Direct labor, direct materials, and manufacturing overhead Costs that are expensed in the period they are incurred. [Choose) Gross margin Absorption Costing Period costs Contribution format Operating capacity Contribution margin Variable costing Contribution margin ratio Product costs Sales less variable expenses. Maximum number of units that can be produced in the period. [Choose A costing method that includes only variable manufacturing costs. [Choose ] . An income statement format that focuses on cost behavior. [Choose] . Sales less cost of goods sold. [Choose ] A costing method that includes all manufacturing costs. [Choose) Contribution margin divided by sales. [Choose Sales less COGS. [Choose

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