FILL IN THE CORRECT TERMINOLOGIES IN THE BLANK SPACES
_____ 1.		a. A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs.
_____ 2.		b. A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows.
_____ 3.		c. Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit.
_____ 4.		d. An analysis of the additional costs and benefits of a proposed alternative compared with the current situation.
_____ 5.		e. A historical cost that the company has already incurred which is irrelevant to the decision making process.
_____ 6.		f. Costs that will not continue if an ongoing operation is changed or deleted.
_____ 7.		g. An already owned production site that is not currently in use.
_____ 8.		h. The maximum available benefit foregone by using a resource for a particular purpose.
_____ 9.		i. The predicted future costs and revenues that will differ among alternative courses of action.
_____ 10.		J. The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project
_____ 11.		k. Those costs of facilities and services that are shared by users
_____ 12.		l. The juncture of manufacturing where separate products developed in the same process become individually identifiable.
_____ 13.		m. A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs.
_____ 14.		n. Purchasing products or services from a supplier outside the company.
_____ 15.		o. Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money
_____ 16.		p. Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income
_____ 17		q. The long-term planning for investment commitments with returns spread over multiple years
_____ 18.		r. A decision process that compares the differential revenues and costs of alternatives.
_____ 19.		s. Costs that will continue even if a company discontinues one of its current operations
_____ 20.		t. The increase in expected average annual operating income divided by the original required investment