Match each phrase that follows with the term (a-h) it describes.
-Prime costs
A)Direct labor and factory overhead
B)Direct labor and direct materials
C)Transferred-in costs
D)Equivalent units
E)Process costing
F)Job order costing
G)First-in, first-out method
H)Cost of production report

Question

Quizplus · Accepted Answer

Prime costs refer to the direct costs of production, which include direct labor and direct materials.

Match Each Phrase That Follows with the Term (A-H) It