Instructions: Identify the Following

question 29

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Robert Kennedy

Identify and classify different types of costs in a manufacturing environment.

Differentiate between product costs and period costs.

Recognize direct materials, direct labor, and manufacturing overhead as components of product costs.

Distinguish between selling and administrative expenses and manufacturing costs.