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

Question 138

Matching

On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. An item may be used more than once or not at all.

Premises:

Responses:

Costs of developing, producing and delivering a product or service

full cost of product or service

Costs that were incurred in the past and cannot be changed

sales mix

A factor that restricts production or sales of a product

opportunity costs

Expected future costs that differs among alternatives

variable costing

Benefits foregone by choosing a particular alternative course of action

sunk costs

constraint

contribution margin

relevant costs

Premises:

Costs of developing, producing and delivering a product or service

Costs that were incurred in the past and cannot be changed

A factor that restricts production or sales of a product

Expected future costs that differs among alternatives

Benefits foregone by choosing a particular alternative course of action

Responses:

full cost of product or service

sales mix

opportunity costs

variable costing

sunk costs

constraint

contribution margin

relevant costs

Correct Answer:

Premises:

Responses:

full cost of product or service

sales mix

opportunity costs

variable costing

sunk costs

constraint

contribution margin

relevant costs