- in b decrease total d. increase variable increase total fixed ould cont per unit In the establishment of standards into the areas a standard cost system, e have divided th 2 pt each standarda standards NATCHING Place the letter that correaponds with your choice be [One answe r each] 2 pt each A. absorption costing B. by-produets C. cash budget D. contribution margin B. direct costing F. external reports G. favorable variance H. gross profit I. internal reports J. joint producta main product L. sales budget M. standard costs N variance analysis O. unfavorable variance eriementof expected cash receipta and disbursements during the budget perod, adjusted for opening and closing cash balancen 25. Sales less variable manufacturing, seliing, and administrative costs a that are expected to be achieved in a particular producti on process under normal conditions -27. Result when actualcoste are less than standard costs _28. Product of limited Bales value produced simultaneously with a product of rating, and financial reports that are prepared daily, greater value, known as a main product weekly, monthly, etc, for internal management in planning a operations standards, because of either external or internal factors the volume of production are treated as product costs 30. Dissection of differences arising when actual results do not equal 31. Costing method under which only production costs which tend to vary with 2 pt each MATCHING Place the letter that corresponds with your choice beside the items that follow A. direct materials B. direct labor C. factory overhead D. fixed cost B. mixed or semivariable cost F. variable cost G. conversion cost H. prime cost 32. Costs which in total remain constant over a relevant range of output while the cost per unit varies inversely with output COST BEHAVIOR 33. Costs which change in total in direct proportion to changes in volume and whose unit cost remains constant, within the relevant range COST ELEMENTs 34. Materials used directly in the production of a finished product which can be easily traced to the product and which represents a major material cost of producing that product 35. Accumulated indirect materials, indirect labor, and all other indirect manufacturing cost