Fill in the Blank Questions
160. Product costs consist of direct labor, direct materials, and _________________.
161. _______________ and _______________ are product costs that can be directly traced to the product.
162. A traditional product costing approach is referred to as ______________.
163. Absorption costing is also called ________________________ costing.
164. ________________________ costing treats fixed overhead as a period cost.
165. ________________________ is a costing method that includes all manufacturing costs in unit product costs.
166. A per unit cost that is constant at all production levels is a ________________________ cost per unit.
167. When excess capacity exists, managers should accept a special order if the special order price exceeds the ________________________.
168. ________________________ is the exact point where revenues equal expenses.
169. Under variable costing, the product unit cost consists of _______________________,direct materials, and variable overhead.