Each of the statements on the accompanying supplement to this exam, may $($or may not$)$ describe one of theaccounting terms listed in the table below. In the space provided in the table $($to the left of the accounting term$),$indicate the description on the accompanying supplement which best describes the accounting term in the table$($by placing the Capitalized Letter to the left of the description in the box to the left of the above term$).$ Donot use a description for more than one accounting term.

Margin of safety

Split$-$off point

Variable cost

Fixed costs

Joint costs

Non$-$value$-$added activity

Value chain

Incremental analysis

Cost drivera

Sunk cost

Relevant costs

High$-$low method

Breakeven point $-$

Activity$-$based

management

Joint products

Opportunity cost

Target costing