Materials that are used in manufacturing that cannot be cost-effectively traced to finished goods are called:Multiple ChoiceGeneral materials.Materials inventory.Secondary materials.Indirect materials.Direct materials.

Materials that are crucial parts of a finished product are called:Multiple ChoiceRaw materials sold.Chargeable materials.Work in process.Period costs.Direct materials.

Materials a company acquires to use in making products are called:Multiple ChoiceFinished goods inventory.Work in process inventory.Conversion costs.Cost of goods sold.Raw materials inventory.

Labor costs that are clearly associated with employees who directly convert materials to finished product are called:Multiple ChoiceDirect labor.Finished labor.Indirect labor.Contracted labor.All labor.

What are materials used in production in a manufacturing company or are placed on the shelf for sale in a retail environment? A. Direct materials B. Indirect materials C. EDI D. None of the above

A manufacturer’s total cost of direct materials, direct labor, and factory overhead for finished products makes up:Multiple ChoiceTotal manufacturing costs.Cost of goods manufactured.Ending work in process inventory.Sales.Ending raw materials inventory.