Matching
Match the following.
Premises:
Cost a manager can determine or greatly affect the amount.
Sales less variable production costs.
Sales less cost of goods sold.
Direct labor, direct materials, and manufacturing overhead.
Sales less variable expenses.
Fixed costs divided by contribution margin per unit.
A costing method that includes all manufacturing costs.
A costing method that includes only variable manufacturing costs.
Costs that are expensed in the period they are incurred.
An income statement format that focuses on cost behavior.
Responses:
Manufacturing margin
Break-even in units
Period costs
Variable costing
Absorption costing
Contribution margin
Gross margin
Controllable costs
Contribution format
Product costs
Correct Answer:
Premises:
Responses:
Cost a manager can determine or greatly affect the amount.
Sales less variable production costs.
Sales less cost of goods sold.
Direct labor, direct materials, and manufacturing overhead.
Sales less variable expenses.
Fixed costs divided by contribution margin per unit.
A costing method that includes all manufacturing costs.
A costing method that includes only variable manufacturing costs.
Costs that are expensed in the period they are incurred.
An income statement format that focuses on cost behavior.
Premises:
Cost a manager can determine or greatly affect the amount.
Sales less variable production costs.
Sales less cost of goods sold.
Direct labor, direct materials, and manufacturing overhead.
Sales less variable expenses.
Fixed costs divided by contribution margin per unit.
A costing method that includes all manufacturing costs.
A costing method that includes only variable manufacturing costs.
Costs that are expensed in the period they are incurred.
An income statement format that focuses on cost behavior.
Responses:
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