A decresse in production levels within a relevant range would 21 . a. decrease variable cost per unit b. decrease total costs c. increase total fixed costs d. increase variable cost per unit P STANDARDS In the establishment of a standard cost system, ve have divided the standards into the areas of pt each standarde 23 atandards MATCHING Place the letter that correaponda with your choice beside the items that tollow One ansver each) 2 pt A. absorption costing B. by-producta I. internal reports J. joint produats K. main product L. sales budget M. standard costs . variance analysis O. untarorable variance budget D, contribution margin E. direct costing P. external reports G. favorable variance H gross profit budget 24. Statement of expected cash receipta and diabursementa period adjusted for opening and cloeing cash balances during the 25 Sales less variable nanuta cturing, aelling, and adminintzative costs 26, costa that are expected to be achieved in a particular production process 27. Reault when actual coste are leas than standard costs under noznal oonditions 28. Product of lini ted nales value produced oiultaneously with a product ot greater value, known as a main product weekly, monthly, ete.. for internal management in planning and controliing etandarda, because of either external or internal factors 29. Various eose, operating, and finaneial reports that are prepared dail -30. Dl aseceion ot ditrerence ari aing when actuai renul ta do not equal 31. Coating method under which only production conta which tend to vary wich the vol ume of production are treated as product coats 2 pt each ING Place the letter that corresponda with your ehoice beside the items that follow D. fixed cost B. nixed or aemivariable cost P. variable coat G. conversion coat H. prime cost A. direct naterials B. direct labor factory overhead COST BEXAVIOR 32. Coats which in total remain conatant over a relevant range of output while the cost per unit varies inversely with output 33. Costs which change in total in direct proportion to changes i whose unit cost remaine constant, within the relevant range COST ELEMENTS 34. Materials used directly in the production of a finished product which can be eanily traced to the product and which represents a major material 35. Accumulated indirect materials, indirect labor, and all other indirect manufacturing cost