For each definition, indicate what cost term is being
defined.
(a) Cost per unit that decreases as more units are made during a time
period.
(b) Activity levels within which the firm is expected to operate.
(c) Costs that are not inventoried.
(d) Costs that management has obligated itself to incur in the future.
(e) Costs that will go away if an activity is eliminated.
(f) Profit that is given up by accepting a different alternative.
(g) Costs that are the responsibility of a specific manager.
(h) Costs incurred while producing more than one product but cannot be easily
traced to each product.
(i) Total product costs divided by total units produced.
(j) Costs of adding one more unit of output.
(k) Costs that are traceable to a particular cost objective but cannot be controlled
by the manager responsible for that cost objective.
(1) Product cost that is not materials or direct labor.