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Unformatted text preview: of overhead to products can present
Also called factory overhead, indirect
manufacturing costs, or burden. Chapter
1-7 Product Versus Period Costs
______________ and _____________ _____________. Costs that are a necessary and integral
part of producing the product.
Recorded as inventory when incurred, thus
may be called inventoriable costs.
Not an expense until the finished goods
inventory is sold, then cost of goods sold.
Product Versus Period Costs
Matched with revenue of a specific
time period and charged to expense as incurred. _______________________ costs.
Deducted from revenues in period
incurred to determine net income.
Includes all _____...
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This document was uploaded on 01/19/2014.
- Winter '14