Question

1:49 AM 5% Blackboard .il Matching Match cach of the following terms with its meaning Meie 1. Full 2. Cest driver 3. Marketing costs Finished goods 7. Variable costing & Work in process Coats required to manage the eganization and activities. Any acrifice of resources A chacune costs d An end to which a costised The sum of fired and variable costs of manufacturing and selling a unit of product . The same direct labor and manufacturing wohl 9. The excess of operating revenue operating h. Operating Politis interest income taxe extrading and other item required to comply with GAAP L The benefit that could be called from the best foregone alternative of a rece A past, present or future how Costs that can be easily attributed to time intervals than to products The sum of direct materials and direct labee These costs that can be attributed to products costs that are part of inventory For manufacture they include direct materials direct laborum 10. Persedia -- 11. Full-showtion cost - 12. Direct materials 13. Differential costs turing over The activity levels 14. Cest of goods which a given fixed cost 15. Direct labee 16. Conversions 17. Fred costs will be unchanged even though volume changes. An expenditure made in the past that cannot be changed by present or future decisions p. Costs that change with a change in volume of 18. Operating peole _19. Manufacturing overhead 20. Net income 21. Opportunity cost --- 22. Outlay cost 25. Relevante 26. Product costs 27. Cost object 2%. Administratives 24 Variable costs A method of inventory valuation that only assigns variable manufacturing costs to products Acosta is charged against revenue in an account ing period LA product color inventory value in which both fixed and variable manufacturing costs are considered part of the product's costs Product that has been completed and is in inventory awaiting sale v. These materials that can be casily identified directly with the product w The cost of workers who transform materials into shed products at some stage of the patien Salement that incorporates and summarizes the information from the direct materials cost schedule, the cost of goods manufactured schedule and the cost of schedule. Costs that change in response to a particular course 2 Costs that are unchanged as volume changes within a relevantage of activity a. All production costs except direct materials and direct labor bh Costs to obtain orders and provide

it's supposed to match the numbers with the Statement on the side

Answer 1

Full cost	Sum of Fixed and variable cost
Cost Driver	Cost that change in response to a particular course of action
Marketing cost	Cost to obtain customer order &provide customers with finished products
Expenses	cost charged against revenue in a particular accounting period
FinIshed Goods	Product that has been completed and is in inventory awaiting sale
Sunk Cost	An expenditure made in past but cant be change in future or present
Variable costing	Cost that change with a change in volume of activity
Work in progress
prime cost	Sum of direct labour and direct material
Period Cost	Cost that can more easily be attributed to time interval
Full absorbtion	Operating Profit minus interest,income tax,extraordinary & other item & required to comply with GAAP
Direct Material	Those material that can be easily identifide directly with material
Differential Cost	Cost that cant be change by future decision
Cost of good manufactured	statement that summarizes information from direct material cost schedule,cost of good manufactured schedule and cost of goods schedule
Direct Labour	Cost of worker who transform material into finished product at some stage of production process
Conversion cost	The sum of direct labour and factory overhead
Fixed Cost	Costs that do not change in total over wide ranges of volum
Operating Cost
Manufacturing overhead	Production cost except direct material and direct labour
Net Income	Excess of operating profit over operating expenses
Opportunity Cost	benefit that could be realise from best alternative resources
Outlay Cost	Past, present, or near-future cash flow.
Cost	Sacrifise of resources
Varialble cost	cost that change with the volume of activity
Relevant range	The volume where total fixed costs and variable cost per unit remain constant.
Product Cost	those costs are attributed with product cost that are part of inventory for manufacturer that includes direct material,direct labour and direct overhead
Cost Object	A factor that cause cost
Administrative cost	Cost required to manage organisation and staff support for organisational activity