Match each of the terms on the left with the appropriate definition on the right. Not all
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Match each of the terms on the left with the appropriate definition on the right. Not all definitions will be used.
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Term Definition A. A company that purchases raw materials and converts them into finished products. 1. Conversion Costs 2. Differential Costs B. A company that sells manufactured products C. Provides information about a company's social and environmental impact 3. Indirect Costs 4. Manufacturing Costs 5. Manufacturing Firms D. The cost of not doing something 6. Nonmanufacturing Costs E. Costs that can be reasonably traced to a cost 7. Opportunity Costs object 8. Relevant Cost F. Costs that cannot be reasonably traced or are not worth the effort to trace to a cost object 9. People, Profit, and Planet G. Costs that remain the same, regardless of the 10. Variable Costs level of activity H. Costs that remain the same per unit of activity I. Costs that vary inversely per unit of activity J. Items that can conveniently be traced to each unit of product K. Direct materials plus direct labor L. Direct labor plus manufacturing overhead M. Direct materials plus direct labor plus manu- facturing overhead N. Costs associated with the running of the busi- ness and the selling of the product 0. A plan in monetary or financial terms P. Information that is useful for decision making Q. Information that will not make a difference to a decision R. Money that has already been spent S. Costs that change between alternatives T. Triple bottom line
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Related Book For
Managerial Accounting
ISBN: 978-1260413984
4th edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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