Exam II/Spring 2018 Part i-Matching (1 point each, 20 total points) Choose the Best Anwer T Activity Based Costing B Break Even Point Job Order Costing Tanufactu -GontributionMargir Conversion Costs O-Marg notSafety Over-or-Underapplied Overheacd hting Systemsa Overhead Application Rate Cost-Driver R Period Costs S Process Costi T Product Costs URelevant Range Direct tabor Direct Material Economies of Scale JEquivalent Units K Finished Goods Inventory L | Fixed Costs Value Chain Variable Costs Work in Process Inventory Costs that vary directly with changes in the level of the activity base A percentage measure of a completed unit's resource requirements present in a partially finished The span or range of output over which output is likely to vary and assumptions about cost behavior are generally valid Completed units (inventory) on hand and are available for sale that consume resources The methods and techniques used by enterprises touagk resources consumed in creating and ADirect labor and manufacturing overhead S. Cost accounting method that focuses on applying manufacturing overhead costs to the activities 6. 7. 8. Goods at any stage of the manufacturing process short of completion 10.The linked set of activities and resources necessary to create and deliver a product or service to delivering products and services to consumers Sales minus variable costs customers An activity base that can be traced directly to units produced and that serves as a causal factor in the incurrence of overhead costs 12.Amount by which actual sales exceed the breakeven point 13. Revenue exactly covers (equals) costs and expenses 13.terials Materials that become an integral part of the manufactured good Wages for assembly line employees Costs of direct materials, direct labor&overhead are accumulated separately for each job 7. A reduction in unit cost achieved through a higher volume of output 18. Costs that are charged to expense in the periodhat the costs are incurred 19 20. A "catchall" category including all manufacturing costs other than the costs of direct materials u Estimated manufacturing overhead/ estimated units in the activity base and direct labor