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Match the following. Choose the best response. Questions are worth one point each for a total of 10 points. 1 Cost Object 2 Sunk Cost

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Match the following. Choose the best response. Questions are worth one point each for a total of 10 points. 1 Cost Object 2 Sunk Cost 3 Asset 4 Contribution Margin 6 Opportunity Cost 7 Bond Prices 8 Advance Warning of Problems Product Costs 5 9 Gross Profit 10 Period Costs Match each of the options above to the items below. For a manufacturing firm, most likely it is the cost of one unit of manufactured product. Originally recorded as inventory Originally recorded as expenses Something you give up when you pursue different alternative Happened in the past and it cannot now be changed Something that a company owns or controls that provides future economic benefit Change inversely with changes in the market rate of interest An advantage of a well-constructed budget Sales - Variable Costs Sales - Cost of Goods Sold

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