Product costs include direct materials, direct labor, and selling costs. True False Period costs are all...

Question

Question

Product costs include direct materials, direct labor, and selling costs.

True

False

Period costs are all costs that are not product costs, such as office supplies.

True

False

A cost object is any item such as products, customers, departments, regions, and so on, for which costs are measured and assigned.

True

False

The valve chain is the set of activities that increase the value of an organization's product and services.

True

False

Job Costing is a costing system that accumulates production costs by process or by department for a given period of time.

True

False

Answer 1

Answer #1

Answer ) False

product costs include DM+DL+MOH

answer)True

Answer)True

answer)True

Answer)True

Answer)False

jobs accumulates cost job wise .process costing accumulates cost by process

Answer 2

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