Match the descriptions with their terms:
-Indirect costs of manufacturing a product.
A) Managerial accounting
B) Financial accounting
C) Planning
D) Directing and motivating
E) Controlling
F) Work in process inventory
G) Direct materials
H) Manufacturing overhead
I) Period costs
J) Prime costs
K) Conversion costs

Question

Match the descriptions with their terms:
-Indirect costs of manufacturing a product.
A) Managerial accounting
B) Financial accounting
C) Planning
D) Directing and motivating
E) Controlling 
F) Work in process inventory
G) Direct materials
H) Manufacturing overhead
I) Period costs
J) Prime costs
K) Conversion costs

Quizplus · Accepted Answer

Manufacturing overhead refers to indirect costs associated with manufacturing a product, which include expenses such as factory rent, utilities, and salaries of maintenance personnel that are not directly traceable to a specific product.

Match the Descriptions with Their Terms