Match Each Statement with the Correct Item Below

Multiple Choice

Match each statement with the correct item below.
-Opportunity cost

A) The difference in total cost between the alternatives in a decision
B) Determines whether or not a segment should be kept or dropped
C) Limited resources and limited demand for each product
D) A specific set of procedures that produces a decision
E) The point that products that have common processes and costs of production become distinguishable
F) CHOICE BLANK
G) CHOICE BLANK.
H) Method of determining the cost of a product based on the price that customers are willing to pay Decisions involving a choice between internal and external production Products that have common processes and costs of production up to a point
I) Past costs that cannot be affected by future decisions
J) A percentage applied to the base cost to cover other costs plus profit
K) Determines whether a specially priced order should be accepted or rejected
L) Determines whether it is more profitable to process a joint product further
M) Future costs that differ between alternatives
N) CHOICE BLANK..
O) When a company calculates product cost then adds the desired profit The benefit given up when one alternative is chosen over another