QUESTION 31

A measure of productive output of units for a period of time, expressed in terms of completed whole units, is the definition of

1. A.units started and completed.
2. B.equivalent units.
3. C.conversion costs.
4. D.ending work in process inventory.

QUESTION 34

Costs that are identified with and traced to one product or a batch of products are called

1. A.overhead costs.
2. B.fixed costs.
3. C.direct costs.
4. D.indirect costs.

QUESTION 35

The three costs in every product are

1. A.direct materials, work in process, and manufacturing overhead.
2. B.direct materials, direct labor, and manufacturing overhead.
3. C.direct materials, direct labor, and period costs.
4. D.direct materials, work in process, and finished goods.

QUESTION 36

All manufacturing costs that are assigned to completed (but unsold) products should be classified as

1. A.materials inventory costs.
2. B.finished goods inventory costs.
3. C.manufacturing overhead costs.
4. D.work in process inventory costs.