2. Match the terms in the fi rst column with the appropriate defi nition in the second column.

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Terms (a) First cost (b) Average cost (c) Fixed cost (d) Overhead cost (e) Marginal cost (f) Opportunity cost (g) Salvage value (h) Sunk cost (i) Variable cost (j) Past cost (k) Maintenance costs (I) Future cost (m) Cost of debt capital Definitions (1) Any cost occurring after "time now" (2) The total initial investment required to get an asset ready for service (3) The ratio of total cost to total quantity of output (4) The market value of an asset at the end of its life less its disposal costs (5) The cost of obtaining fund through debt obligations (6) The incremental cost of producing one more unit of output (7) Any past cost or portion of past cost that is not recovered (8) The recurring costs that are necessary to operate and maintain an asset (9) Any cost that varies with the quantity of output (10) Any cost occurring prior to "time now" (11) Any cost that does not vary with the quantity of output (12) The cost of forgoing an opportunity to earn interest on funds (13) All cost in manufacturing other than direct material and direct labor