FILL IN THE CORRECT TERMINOLOGY IN THE BLANK SPACE GIVEN

1		Electronic commerce from business to consumer
2		The level of sales at which revenue equals total cost and net income is zero.
3		A measure of activities that requires the use of resources and thereby cause costs
4		A cost that contains elements of both fixed- and variable-cost behavior
5		The limits of the cost-driver level within which a specific relationship between costs and the cost driver is valid.
6		measuring a cost function objectively by using statistics to fit a cost function to all the data.
7		The excess of revenues over expenses after including interest costs and taxes.
8		The branch of accounting that produces information for managers within an organization.
9		A summarization of the results of the day-to-day activities that generate sales revenue.
10		Total contribution margin divided by sales (or 100% minus the variable cost percentage)
11		The amount of business or production a company can perform based on their current level of plant and equipment
12		The branch of accounting that develops information for external decision makers.
13		An examination or inspection of financial statements and companies records.
14		A method in which the cost analyst visually fits a straight line through a plot of all the available data
15		The sales price per unit minus the variable cost per unit.
16		A set of standards to which public companies published financial statements must adhere.
17		Electronic commerce from one business to another business.
18		A cost that is not affected by changes in the cost-driver level
19		A simple method for measuring a linear-cost function from past cost data focusing on the highest-activity and lowest-activity points.
20		A cost that changes in direct proportion to changes in the cost-driver level
21		A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs.
22		A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows.
23		Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit.
24		An analysis of the additional costs and benefits of a proposed alternative compared with the current situation.
25		A historical cost that the company has already incurred which is irrelevant to the decision making process.
26		Costs that will not continue if an ongoing operation is changed or deleted.
27		An already owned production site that is not currently in use.
28		The maximum available benefit foregone by using a resource for a particular purpose.
29		The predicted future costs and revenues that will differ among alternative courses of action.
30		The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project
31		Those costs of facilities and services that are shared by users
32		The juncture of manufacturing where separate products developed in the same process become individually identifiable.
33		A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs.
34		Purchasing products or services from a supplier outside the company.
35		Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money
36		Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income
37		The long-term planning for investment commitments with returns spread over multiple years
38		A decision process that compares the differential revenues and costs of alternatives.
39		Costs that will continue even if a company discontinues one of its current operations
40		The increase in expected average annual operating income divided by the original required investment
41		An extensive analysis of the first year of a long-range plan summarizing the planned activities of all subunits of an organization.
42		A form of a master budget that adds a month in the future as the month just ended is completed.
43		Budgets formulated with the active participation of all affected employees.
44		The part of a master budget that focuses on the schedules needed to produce an income statement.
45		A variance that occurs when actual revenue falls below budgeted revenue
46		A budget that details the planned expenditures for facilities, equipment and other long-term investments
47		The variance arising from the difference in volume sold used in the preparation of the budget compared to actual volume sold.
48		A prediction of sales that is the result of decisions to create conditions that will generate a desired level of sales.
49		The variance arising from difference in the budgeted usage of units of a component compared to the actual amount of usage of the component.
50		A budget that requires justification of expenditures for every activity, including continuing activities.
51		Variance that occurs when actual profit exceeds budgeted profit.
52		The variance arising from difference in the budgeted price of a unit of a component compared to the actual amount paid per unit of the component.
53		Overstatement of budgeted cost or understatement of budgeted revenue to create a budget goal that is easier to achieve.
54		A variance that occurs when actual costs are less than budgeted costs.
55		The difference between the amount budgeted and the actual amount incurred during operating activities
56		A statement of planned cash receipts and disbursements.
57		A budget that is prepared for only one expected level of activity
58		A planned cost that should be achieved if all activities involved meet their planned goals
59		A plan that sets the overall goals and objectives of the organization.
60		A budget that adjusts to different levels of activity.
61		All costs incurred in a production facility excluding direct materials and direct labor
62		A document that shows all costs for a particular product, service, or batch of products
63		Anything for which decision makers desire a separate measurement of cost.
64		A situation occurring when applied overhead for the year exceeds actual overhead
65		A document recording the amount of materials moved from the raw materials warehouse to the factory.
66		The giving up of resources for a particular purpose
67		The budgeted total overhead for each cost pool divided by the cost-allocation base level
68		A method of allocating costs to products that are readily identified by individual units or batches
69		Costs that cannot be identified specifically and exclusively with a given cost object
70		Costs that can be identified specifically and exclusively with a given cost object.
71		The record of the time an individual laborer.
72		A system that first accumulates indirect costs for each activity an then assigns costs of the activity to the cost object
73		The raw materials or component parts that are used to produce a manufactured product.
74		a group of individual costs that a company allocates to cost objects using a single cost allocation base
75		A method of allocating factory overhead to products based on expected total overhead for the year
76		The number of completed (whole) units that could have been produced from the resources required for the partially complete units.
77		The wages of all labor that a company can trace specifically and exclusively to the manufactured goods.
78		A method of allocating costs to products by averaging costs over large numbers of nearly identical products.
79		Collecting costs by some natural classification, such as activities performed, labor or materials
80		A situation occurring when actual overhead for the year exceeds applied overhead
81		Any cost that the management of a responsibility center cannot affect within a given time span.
82		Units that exist only to support other departments or customers.
83		Characteristics or attributes that managers must achieve in order to drive the organization toward its goals.
84		A measure of income divided by the investment required to obtain that income.
85		The effort to ensure that products and services perform to customer requirements.
86		The joint formulation by managers and their superiors of a set of goals and plans for achieving the goals.
87		An approach that focuses on prevention of defects and on customer satisfaction.
88		An integrated set of techniques for gathering and using information to make planning and control decisions
89		Corporate costs such as personnel, legal, human resources that support revenue-generating activities
90		Adjusted operating income minus cost of capital invested.
91		A set of activities and resources assigned to a manager
92		Any cost that a managers decisions and actions can influence.
93		A performance measurement system that uses both financial and non-financial measures.
94		Departments where employees work on the organizations products or services.
95		A method that ignores other service departments when allocation service costs to operations.
96		concentration of decision making authority only at the highest level of the organization.
97		A method that recognizes that some service departments support other service departments as well as operating departments
98		Responsibility centers for which a company develops separate measures of revenues and costs
99		A statement that allocates costs directly associated to customer actions to the customer.
100		The delegation of decision making authority to lower levels of the organization.