Complete the Following Using the Terms Listed Below

question 123

Multiple Choice

Complete the following using the terms listed below.
-______ are the distribution channel that sells primarily to retailers, other wholesalers, or business users.

• A)marketing intermediary
• B)test marketing
• C)brand insistence
• D)product life cycle
• E)brand name
• F)wholesaler
• G)family brand
• H)product line
• I)convenience products
• J)product line.
• K)wheel of retailing
• L)logistics

---

Definitions:

Conversion Cost

The combined cost of direct labor and manufacturing overheads, which are necessary to transform raw materials into finished goods.

Equivalent Unit

represents a measure used in process costing, converting work-in-process into the number of finished units, facilitating cost allocation.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold based on the average cost of all items in inventory, taking into account the quantity of each item.

Process Costing System

A cost accounting method used for homogeneous products, assigning costs based on departments or processes the products go through.