1. Match each of the following terms with the most appropriate definition.

A. Costs that are expensed.

B. Costs that change with volume.

C. Costs of benefits lost.

D. Indirect manufacturing costs.

E. Costs integral to Finished Goods.

F. Direct Labor and Factory Overhead.

G. Costs which cannot be changed.

H. Direct Material and Direct Labor.

I. Costs that do not change with volume.

J. Costs which benefit more than one cost object.

K. Efforts of employees who physically convert raw materials into products ready for sale.

L. Items such as lubricants and janitorial supplies used in the factory.

1 . Sunk costs

2 . Indirect costs

3 . Product costs

4 . Prime costs

5 . Fixed costs

6 . Opportunity costs

7 . Period costs

8 . Conversion costs

9 . Factory overhead costs

10 . Variable costs

11 . Indirect materials

12 . Direct labor