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a. Differential b. Marginal C. Average d. Oportunity e. Controllable f. uncontrollable g. Direct h./Indirect i. Variable j. /

match(a through q, with i - xvii)

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Answer #1

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

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