Please indicate which are product costs and which are period costs.   Under Absorption Costing: Direct Materials are considered a  Direct Labor is considered a Variable overhead is considered a Fixed overhead is considered a Under Variable Costing: Direct Materials are considered a  Direct Labor is considered a Variable overhead is considered a Fixed overhead is considered a

When using a normal costing system     direct material and direct labor are recorded at standard cost and overhead is treated as a period cost.   direct material and direct labor are recorded at actual cost and overhead is treated as a period cost.   direct material and direct labor are recorded at standard cost and overhead is applied to products using a predetermined overhead rate.   direct material and direct labor are recorded at actual cost and overhead is applied to products using a predetermined overhead rate.

the concept of a non-linear cost function which is usually used to predict the cost of labor who carries out a repetitive production process is called ...