Following are a number of key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–14). Note that not all key terms and concepts will be used.
a. Cost accounting | l. Production standards |
b. Cost management | m. Raw material |
c. Value chain | n. Direct labor |
d. Cost object | o. Overhead |
e. Cost pool | p. Overhead application rate |
f. Cost assignment | q. Job order costing system |
g. Direct cost | r. Process costing system |
h. Indirect cost | s. Absorption costing |
i. Product costs | t. Direct (or variable) costing |
j. Period costs | u. Activity-based costing |
k. Statement of cost of goods manufactured |
|
_________A cost related to the product or activity under consideration but not incurred solely because of the product or activity; the cost would continue to be incurred if the product or activity were discontinued.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.