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Match each of the following terms to the corresponding definition by entering the appropriate letter in the space provided. A company that purchases raw materials
Match each of the following terms to the corresponding definition by entering the appropriate letter in the space provided.
- A company that purchases raw materials and converts them into finished products.
- A company that sells manufactured products
- Provides information about a companys social and environmental impact
- The cost of not doing something
- Costs that can be reasonably traced to a cost object
- Costs that cannot be reasonably traced or are not worth the effort to trace to a cost object
- Costs that remain the same, regardless of the level of activity
- Costs that remain the same per unit of activity
- Costs that vary inversely per unit of activity
- Items that can conveniently be traced to each unit of product
- Direct materials plus direct labor
- Direct labor plus manufacturing overhead
- Direct materials plus direct labor plus manufacturing overhead
- Costs associated with the running of the business and the selling of the product
- A plan in monetary or financial terms
- Information that is useful for decision making
- Information that will not make a difference to a decision
- Money that has already been spent
- Costs that change between alternatives
- Triple bottom line
C 1. Conversion Costs 2. Differential Costs 3 Indirect Costs 4. Manufacturing Costs 5. Manufacturing Firms 6. Nonmanufacturing Costs 7. Opportunity Costs 8. Relevant Cost 9. People, Profit, and Planet 10. Variable Costs E E o search
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