Match the type of cost with the appropriate definition.

Word Bank

Direct Cost

Fixed Cost

Indirect Cost

Period Cost

Product Cost

Variable Cost

Definitions

Costs related to a passage of time

Costs that vary with volume but fixed per unit

Costs incurred to create a product

Costs that are not directly tied to a specific product

Costs that are fixed in total but vary per unit inversely with volume

Costs that can be directly tied to the production of specific products