Costs that are first assigned to inventory are called: A) Period costs. B) Produ
ID: 2487256 • Letter: C
Question
Costs that are first assigned to inventory are called: A) Period costs. B) Product costs. C) General costs. D) Administrative costs. E) Fixed costs. 23. The unit contribution margin is: A) Sales price per unit less cost of goods sold per unit. B) Sales price per unit less unit fixed cost per unit. C) Sales price per unit less total variable cost per unit. D) Sales price per unit less unit total cost per unit. E) The same as the contribution margin ratio. 24. Manufacturing costs include A) direct materials and direct labor only. B) direct materials and manufacturing overhead only. C) direct labor and manufacturing overhead only. D) direct materials, direct labor, and manufacturing overheadExplanation / Answer
22 answer is
B) product cost
23 answer is
C) sales price per unit less total variable cost per unit
24 ) answer is
D) direct materials, direct labour, and manufacturing overhead