Match Each Phrase That Follows with the Term (A-H) It

question 133

Multiple Choice

Match each phrase that follows with the term (a-h) it describes.
-Prime costs

• A)Direct labor and factory overhead
• B)Direct labor and direct materials
• C)Transferred-in costs
• D)Equivalent units
• E)Process costing
• F)Job order costing
• G)First-in, first-out method
• H)Cost of production report

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Definitions:

Interest Rate

The portion of a total amount of money levied for borrowing it, usually represented as a yearly rate.

Amount

The total sum or quantity of something.

Annuity Payment

Regular periodic payments made to an annuitant or beneficiary, often fixed sums received from a retirement account or insurance policy.

Rate Of Interest

The percentage of a loan incurred as interest cost to the borrower, usually expressed as an annual rate.