Companies with low overhead costs focus on managing Blank costs, whereas companies with high overhead costs focus on managing Blank costs.
Multiple choice question.
period, product
product, period
prime, conversion
conversion, prime
Multiple choice question.
prime cost
operating profit
opportunity cost
cost of goods sold
Multiple select question.
They are costs that can be identified with units at relatively low cost.
They are period costs.
They are product costs.
They include manufacturing overhead.
Multiple choice question.
Marketing and administrative costs
Cost of goods sold
Purchases
Gross margin
Multiple select question.
Service companies provide customers with a tangible product.
Information technology represents the major cost for some service organizations.
All costs in a service organization are treated as marketing and administrative costs.
Labor is the most important single cost for many service organizations.
