is used to allocate cost to cost object Cost center Allocation bases O Arbitrary allocations Simplistic system The future costs that will be influenced and changed as a result of a decision is considered Opportunity Cost O Direct Costs Relevant Costs O Sunk Cost O Product Costs O Period Costs Indirect Costs companies sell tangible products that they have previously purchased in the same basic form from suppliers (Choose the answer that fills the blank) Intertainment Finished goods Merchandising Work in progress inventory (also called work in process) Raw Materials Service used to describe a location to which overhead costs are initially assigned Cost center O Allocation bases O Arbitrary allocations Simplistic system Supporting and improving the processes of the supplier and the deferent stages of product delivery Management Accounting Data Information O Product life cycle Financial Accounting Value chain analysis