administrative - ️️c. _________ costs = period costs
1. accounting
2. president's salary
3. IT
direct materials - ️️the raw materials used to create inventory
- ️️direct materials example:
steel, glass, electric wire --> build a boat
direct labor - ️️the labor costs that c...
b. product costs include:
1) direct materials
2) direct labor
3) manufacturing overhead
c. product cost: sales, COGS - ✔️✔️Product Costs/ Inventoriable costs:
a. product costs: ________ _______ & ________
b. product costs include:
1)
2)
3)
c. Product costs: great example of the matching principle
product cost: _______ & ________
d. product cost example: shop building
sold inventory - ✔️✔️COGS created by: ______ _________
cost behaviors - ✔️✔️the way costs change because of changes in a company's
activity levels
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