Select the Appropriate Definition for Each of the Items Listed

question 214

Multiple Choice

Select the appropriate definition for each of the items listed below.
-(direct materials + direct labor) /units produced

• A)per-unit prime cost
• B)per-unit conversion cost
• C)per-unit cost of goods manufactured

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Definitions:

Annual Interest

The amount of interest due over the course of a year as a result of borrowing funds or investing, expressed typically as a percentage of the principal.

Accumulate

The process of gathering or amassing items, such as profits, expenses, or information, over a period of time.

Present Value

The present worth of a future amount of money or series of cash flows, taking into account a certain rate of return.

Annuity

An economic product that delivers a constant payment stream to an individual, mainly used as a means of livelihood for people who are retired.