The _________________________ of a product is the prime cost plus factory overhead.
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Q. 2____________________ are costs such as rent, salaries, heat, insurance, advertising, and other overhead costs that remain the same regardless of production volume.
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Q. 3The ____________________ method of depreciation uses a fixed rate of depreciation for each year.
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Q. 4____________________ includes the expenses that cannot be directly tied to producing a product, such as heat, power, and factory supplies.
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Q. 5The ____________________ of property is the original cost of the property less the total depreciation to date.
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Q. 6_________________________ are costs such as raw materials, direct labor, and energy that vary with the amount of product produced and sold.
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Q. 7Some employers pay a fixed amount of money to their employees for each day of travel. These employees are reimbursed on a ____________________ basis.
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