COST AND MANAGEMENT ACCOUNTING $1$

$($iii$)$ MATCHING$-$STATEMENT QUESTIONS

Match the statements in Column A to the terms in Column B$.$ Write down the answers only, for example $1.($a$).$

$\backslash$table$[[$Column A$,$Column B$,],[1.$

$\backslash$table$[[$Has to do with planning and$],[$control decisions$]],($a$)$ Direct cost,$],[2.$

$\backslash$table$[[$Entails comparing actual results$],[$to budgeted results$]],($b$)$ Total Revenue,$],[3.$

$\backslash$table$[[$Directly traceable to a specific$],[$product or department$]],($c$)$ Absorption costing,$],[\{$ff$4$a$20861-3034-468$b$-$a$782-3$fc$60$b$4$f$6$e$07\}$

$\backslash$table$[[$Used to estimate the number of$],[$labour hours$]],($d$)$ Management Accounting,$],[5.,$Selling Price $$ Number of units,$($e$)$ Job card$],[\{$f$7$b$6$b$6$e$0$b$-$d$8$e$8-43$ee$-867$f$-5644$fee$04$efb$\}$

$\backslash$table$[[$Costs that vary in proportion to$],[$sales levels$]],($f$)$ Normal losses,$],[7.$

$\backslash$table$[[$Represents the measurable$],[$advantage to an enterprise that$],[$could be gained by empoying$],[$production resources for other$],[$purposes$]],($g$)$ Variable costs,$],[8.$

$\backslash$table$[[$Allocates and apportions all$],[$overheads to products$]],($h$)$ Control,$],[9.$

$\backslash$table$[[$Contains the relevant$],[$information regarding materials,$],[$labour and overheads for that$],[$specific job$]],($i$)$ Opportunity costs,$],[10.$

$\backslash$table$[[$Losses or spoilage are$],[$considered to be uncontrollable$],[$and are built into the production$],[$process$]],($j$)$ Learning curve,$]]$