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Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproduc

Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproducts



1.	Servicesdifferfromtangibleproductsonthreedimension:intangibility,perishability,andinseparability.
a.	True
b.	False


2.	Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproductsthroughtheuseoflaborandcapitalinputs.
a.	True
b.	False


3.	Productioncostsarecostsassociatedwithmanufacturinggoodsorprovidingservicesandareclassifiedasdirectmaterials,directlabor,andoverhead.
a.	True
b.	False


4.	Conversioncostisthesumofdirectmaterialsanddirectlaborcostandprimecostisthesumofdirectlaborandoverheadcost.
a.	True
b.	False 
5.	Productcostsincludeproduction,marketing,andcustomerservice,andareusedforstrategicdesigndecisionsandtacticalprofitabilityanalysis.
a.	True
b.	False



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27 May 2016

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  1. Genius

    Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproducts

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