Pairing of concepts 28 points 1. Prime Costs To Includes "direct materials", "direct labor" and "factory overhead" 2. Cost object B Factory overhead costs applied 3. Period costs C Salary of a supervisor in the area of quality control 4. Example of a cost classified as D Include selling and administrative expenses factory overhead 5. Costs E Governed exclusively by GAAP 6. Conversion Costs F Indudes "direct materials" and "direct labor" 7. Product costs 8. Credit to material inventory account 9. Credit to Factory Overhead 10. Financial accounting G Factory overhead costs incurred H Targets internal users (company management) I Includes "direct labor" and "factory overhead" ] Can include a product, sales territory, department, or other activity K Indirect labor and indirect materials Requisition of materials M The company is incurred to generate income N Includes direct material costs, direct labor and applied factory overhead 11. They are included in the Factory Overhead account 12. Debit to Work in Process 13. Managerial accounting L 14. Debit to Factory Overhead