Match Each Description to the Appropriate Term (A-D)

question 141

Essay

Match each description to the appropriate term (a-d).
a)Direct materials
b)Selling and administrative expense
c)Factory overhead
d)Direct labor
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Definitions:

Markup

Incremental pricing on the acquisition cost of products to ensure overhead and profit incorporation.

Wholesale Cost

The price charged for goods and services that are sold by wholesalers to retailers or other businesses, typically lower than the retail price.

Computer Hardware

The physical components of a computer system, such as the motherboard, CPU, RAM, and hard drives.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.