Work in Process Inventory; Costs of finished goods manufactured; Conversion Cost

Question

Work in Process Inventory; Costs of finished goods manufactured; Conversion Costs; Costs of goods sold; Period Costs; Managment acconting; Product Costs; Manufacturing overhead.

which term if any goes to the following questions:

The preparation and use of accounting information designed to assist managers in planning and controlling the operation of a business.

All manufacutring costs other than direct materials used and direct labor.

A manufacutring cost that can be traced conveniently and directly to manufactured units of product.

The account debited at the time that the Manufacturing Overhead account is credited.

The amount transferred from the Work in Process Inventory account to the Finished Goods Inventory account.

Costs that are debited directly to expense accounts when thecosts are incurred.

Explanation / Answer

Managment acconting Conversion Costs Product Costs Costs of finished goods manufactured Costs of goods sold Period Costs

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