1.what is the difference between a period and a product cost?

2.What is the difference between a fixed cost and a variable cost?

3.What is the definition of the relevant range?

4.What are the 3 costs that are considered to be product costs?

5.How do fixed and variable costs behave within the relevant range?

6.How do we calculate the pre-determined over head rate?

7.What is the pre-determined rate used for ?

8.What is the difference between over and under applied?

9.What are the 3 allocation bases that we can use to calculate the pre-determined rate?

10.Total manufacturing costs consists of what three cost categories?