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Marketing 3340 > Accounting Exam 1 > Flashcards

Accounting Exam 1 Flashcards

1
Q

Prime Costs

A

Direct Materials + Direct Labor

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2
Q

Conversion Costs

A

Direct Labor + Manufacturing Overhead

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3
Q

Product Costs/ Total manufacturing cost

A

Direct Materials+ Direct Labor+ Manufacturing Overhead

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4
Q

COG available

A

Beg Finished goods+ cogm

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5
Q

Gross Margin

A

Sales- cogs

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6
Q

Net income

A

Gross margin- periodexpenses

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Marketing 3340 (2 decks)

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