Question 11 Not yet answered Marked out of 8.00 P Flag question Match each of the following terms with the appropriate definition. Costs that are nonproduction costs. They are expensed on the income statement. Choose... Costs that change in proportion to changes in the volume of activity. Choose... Costs incurred for the benefit of and traceable to a single cost object. Choose... Costs directly associated with the manufacture of finished goods. They include direct materials and direct labor costs. Choose... Costs necessary and integral to the manufacture of finished products. They are capitalized as inventory. Choose... Costs that benefit more than one cost object or that cannot be easily traced to a single cost object. Choose... Costs incurred in the process of converting raw materials to finished goods. They include direct labor costs and overhead costs. Conversion costs. Costs that do not change with changes in the volume of activity. Choose... Choose... Choose... Product costs. Indirect costs. Fixed costs. Period costs. Variable costs. Direct costs. Prime costs. Conversion costs