Costs That Are Used in Generating Revenues During the Current

question 111

Multiple Choice

Costs that are used in generating revenues during the current period, but are not involved in the manufacturing process are often referred to as:

• A) period costs
• B) conversion costs
• C) factory overhead costs
• D) product costs

---

Definitions:

Starting Salaries

The initial amount of money that an employee earns annually when beginning a new job.

Standard Deviation

A system for evaluating the degree of dispersion or deviation among a collection of statistics.

Normally Distributed

A type of distribution in which data is symmetrically distributed with most of the observations clustering around the central peak and the probabilities for values further away from the mean tapering off equally on both sides.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values are close to the mean of the set.