
match(a through q, with i - xvii)
|
Answer |
|||
|
a |
Differential |
iv. |
Benefit next best alternative |
|
b |
Marginal |
ii. |
Cost of one next unit |
|
c |
Average |
iii. |
Total / Number (Total divided by # units) |
|
d |
Opportunity |
i. |
Difference between alternatives |
|
e |
Controllable |
v. |
Under your supervision |
|
f |
Uncontrollable |
vi. |
Not under control |
|
g |
Direct |
vii. |
Directly attrible |
|
h |
Indirect |
viii. |
Not directly identifiable |
|
i |
Variable |
xii. |
Sales commission, units of production, rate charges |
|
j |
Fixed |
ix. |
Rent, monthly salary, montly flat charges, it can also be a period cost |
|
k |
Sunk or Titanic costs |
xi. |
Costs which can't change costs |
|
l |
Prime |
xii. |
DM & DL (Direct materials and direct labor) |
|
m |
Conversion |
xiii. |
DL & manufacturing overhead |
|
n |
Product |
xiv. |
Cost of Goods Sold is an example of this type of cost |
|
o |
Period |
xv. |
Any standard operating expense like rent, monthly insurance premium, etc. Its can also be a fixed cost |
|
p |
Absorption Costing |
xvi. |
Fixed cost disappears and become variable |
|
q |
Activity based costing (ABC) |
xvii. |
Any conceivable method of cost allocation |
match(a through q, with i - xvii) a. Differential b. Marginal C. Average d. Oportunity e....
a
b
c
d
e
f
g
h
i
j
10 parts
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