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BUS 215 RIDOUT FINAL

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BUS 215 RIDOUT FINAL direct cost - CORRECT ANSWER-can be traced to a cost object indirect cost - CORRECT ANSWER-cannot be easily traced to a cost object common cost - CORRECT ANSWER-indirect cost to support a number of cost objects manufacturing overhead costs/product costs - CORRECT ANSWER-costs incurred making "the product" direct materials - CORRECT ANSWER-materials that are integral to the finished product direct labor - CORRECT ANSWER-labor easily traced to individual units of a product manufacturing overhead - CORRECT ANSWER-al manufacturing costs - except for DM and DL (includes indirect materials, indirect labor, and all other costs that support manufacturing period costs - CORRECT ANSWER-all the cost that are not product costs - SELLING AND ADMIN prime costs - CORRECT ANSWER-DM and DL conversion costs - CORRECT ANSWER-DL and MOH variable costs - CORRECT ANSWER-the activity base : fixed per unit, vary in total f ixed costs - CORRECT ANSWER-costs that remain constant regardless of level activity : very per unit, f ixed total committed fixed costs - CORRECT ANSWER-LONG TERM, cannot be significantly reduced in the short

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