7. One of the manufacturing inventory accounts. 8. Is the process of measuring products, services, and activities against the best levels of performance. 9. Tracing and reassigning costs to one or more cost objectives such as activities, departments, customers, or products. 10. Is the necessary cost of an activity that cannot be eliminated without affecting a product's value to the customer. 11. Number of accounts that a manufacturing firm typically has. 12. Manufactured goods that are not fully completed. 13. A prediction of sales under a given set of conditions. 14. The operating budget process ends with the 15. Detail the planned expenditures for facilities, equipment, new products and other long-term investments. 16. The financial budget focuses on the 17. The first step in preparing the master budget. 18. Costs that lack an identifiable relationship to a cost object. 19. Costs that cannot be identified specifically and exclusively with a given cost objective in an economically feasible way. 20. Inventory account which is not used in a manufacturing firm. LIST OF CONCEPTS AND TERMS FOR PART VIII 7. One of the manufacturing inventory accounts. 8. Is the process of measuring products, services, and activities against the best levels of performance. 9. Tracing and reassigning costs to one or more cost objectives such as activities, departments, customers, or products. 10. Is the necessary cost of an activity that cannot be eliminated without affecting a product's value to the customer. 11. Number of accounts that a manufacturing firm typically has. 12. Manufactured goods that are not fully completed. 13. A prediction of sales under a given set of conditions. 14. The operating budget process ends with the 15. Detail the planned expenditures for facilities, equipment, new products and other long-term investments. 16. The financial budget focuses on the 17. The first step in preparing the master budget. 18. Costs that lack an identifiable relationship to a cost object. 19. Costs that cannot be identified specifically and exclusively with a given cost objective in an economically feasible way. 20. Inventory account which is not used in a manufacturing firm. LIST OF CONCEPTS AND TERMS FOR PART V