Match each definition with its related term by selecting the appropriate term in the dropdown provided. Answer is complete but not entirely correct. Term Batch-Level Activities 1. 2. 3. 4. 5. Definition An activity, such as machine setups, that occurs before each production run. A cost driver that captures aspects of the production process that relates to activities other than the volume of production or sales. Total activity cost divided by total cost driver. All the actions taken to improve operations or reduce costs based on ABC data. An activity, which if eliminated, would NOT change the perceived worth of the product or service. A report that provides details about internal failure costs. Costs that result from the defects caught during the inspection process. A process to determine what costs should be in order to earn an acceptable profit across a product life cycle. A process which uses the cost of the product plus a markup to arrive at the sales price. A linked set of activities required to design, develop, produce, market, deliver the product to customers, and aftermarket service. X 6. Activity-Based Costing (ABC) Activity Rate Activity-Based Management Non-Volume-Based Cost Driver Appraisal or Inspection Costs Appraisal or Inspection Costs Target Costing Product Level Activities Supply Chain X 7. x 8. 9. x 10 Activity Proportion Activity Rate Activity-Based Costing (ABC) Activity-Based Management Appraisal or Inspection Costs Batch-Level Activities Cost of Quality Report Cost-Plus Pricing External Failure Costs Facility-Level Activities Internal Failure Costs Just-in-Time System Non-Value Added Activity Non-Volume-Based Cost Driver Prevention Costs Product Level Activities Product Life Cycle Target Costing Total Quality Management Unit-Level Activities Value Chain Yalue Engineering Value-Added Activity Volume-Based Cost Driver Match each definition with its related term by selecting the appropriate term in the dropdown provided. Answer is complete but not entirely correct. Term Batch-Level Activities 1. 2. 3. 4. 5. Definition An activity, such as machine setups, that occurs before each production run. A cost driver that captures aspects of the production process that relates to activities other than the volume of production or sales. Total activity cost divided by total cost driver. All the actions taken to improve operations or reduce costs based on ABC data. An activity, which if eliminated, would NOT change the perceived worth of the product or service. A report that provides details about internal failure costs. Costs that result from the defects caught during the inspection process. A process to determine what costs should be in order to earn an acceptable profit across a product life cycle. A process which uses the cost of the product plus a markup to arrive at the sales price. A linked set of activities required to design, develop, produce, market, deliver the product to customers, and aftermarket service. X 6. Activity-Based Costing (ABC) Activity Rate Activity-Based Management Non-Volume-Based Cost Driver Appraisal or Inspection Costs Appraisal or Inspection Costs Target Costing Product Level Activities Supply Chain X 7. x 8. 9. x 10 Activity Proportion Activity Rate Activity-Based Costing (ABC) Activity-Based Management Appraisal or Inspection Costs Batch-Level Activities Cost of Quality Report Cost-Plus Pricing External Failure Costs Facility-Level Activities Internal Failure Costs Just-in-Time System Non-Value Added Activity Non-Volume-Based Cost Driver Prevention Costs Product Level Activities Product Life Cycle Target Costing Total Quality Management Unit-Level Activities Value Chain Yalue Engineering Value-Added Activity Volume-Based Cost Driver
