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On the Line in Front of Each Statement, Enter the Letter

Question 225

Matching

On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all.

Premises:
A cost that relates to the cost object, but cannot be traced to it.
A cost that has already been incurred.
Costs that change in total in direct proportion to changes in volume.
The combination of direct materials and direct labor.
Responses:
Marginal cost
Indirect cost
Prime costs
Variable costs
Sunk cost
Differential cost
Conversion costs
Average cost
Direct costs

Correct Answer:

Marginal cost
Indirect cost
Prime costs
Variable costs
Sunk cost
Differential cost
Conversion costs
Average cost
Direct costs
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