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Flip and match the cost pairs

Exercise and reference answers

Matching pairs
  1. A
    Prime cost
    B
    Materials + labor
  2. A
    Conversion cost
    B
    Labor + overhead
  3. A
    Period cost
    B
    Selling and admin
  4. A
    Product cost
    B
    Cost to make goods
Instructions
Flip two cards to find a matching pair.

Explanation

_Source: Jonick, Principles of Managerial Accounting, section 1.2 Cost Terminology and Concepts_
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