Match the cost term to the definition Transferred-in cost A. Material costs Variable costs B. Costs that vary, in total, in direct proportion to changes in the level of activity Cost object C. Cost of goods sold V Opportunity costs D. A cost attached to products that have been received from a prior processing department E. A factor that causes overhead costs v Cost driver F. Any unit of analysis for which cost data are desired G. Cost structure H. The potential benefit that is given up when one alternative is selected over another 1. Indirect costs J. Period costs Which of the following is not part of the implementation process with respect to ABC? A. Separate manufacturing and non-manufacturing costs B. Prepare management reports O C. Create homogeneous cost pools OD. Identify and define activities and cost pools Complete the journal entry To recognize inventory drawn from the storeroom to a processing department Work in Process - Mixing $23,645 A. Manufacturing Overhead B. Raw Materials $23,645 C. Selling & Administration Expenses D. Unearned Revenue To recognize the cost of units sold Cost of Goods Sold $74,820 E. Prepaid Expenses $74,820 F. Finished Goods To recognize the usage of facility and other fixed costs G. Accrued Liabilities Work in Process - Mixing $10,540 H. Wages Payable I. Work in Process - Mixing J. Work in Process - Assembly $10,540 To recognize the transfer of units from one processing department to another Work in Process - Assembly $22,630 $22,630 To recognize fully completed, ready-for-sale units Finished Goods $87,915 $87,915