MATCHING treats all manufacturing costs as product costs Choose... should usually be included in performance reports because fixed costs are generally controllable. Choose... 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. Choose... consists of a number of separate but interdependent budgets Choose... forces managers to think about and plan for the future Choose... that treats all fixed costs as period costs Choose... the difference between what the total sales revenue should be, given the actual level of activity of the period, and the actual total sales revenue Choose... sales forecast or sales budget Choose... actual results can be compared to what costs should have been at the actual level of activity. Choose... activity rates are used to apply overhead costs to products and customers. Choose... cost that would be included in product costs under both absorption costing and variable costing Choose... costing method that is designed to provide managers with product cost information for internal decision-making Choose... costing method that is designed to provide managers with product cost information for internal decision-making Choose... Choose... manager should be held responsible for those itemsand only those itemsthat the manager can actually control to a significant extent the difference between the amount of the cost in the flexible budget and the amount of the actual cost Choose... the process of assigning functionally organized overhead costs derived from the company's general ledger to activity cost pools ge Choose... first-stage allocation in an ABC system Variable costing Ssecond-stage allocation in ABC Activity-based costing Spending variance Starting point for a master budget Responsibility accounting Continuous or perpetual budget Flexible budget Variable manufacturing costs Revenue variance Fixed costs Master budget Benefit from budgeting Absorption costing Jump to