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cost minimization opportunity cost differential cost optimization technique full product costs out-of-pocket costs incremental costs outlay cost incremental revenue sunk costs objective function profit maximization1. A full absorption cost refers to all manufacturing costs, including manufacturing overhead costs, whereas refers to all period or non-manufacturing costs as well as all manufacturing costs to bring the product to point of sale. The is the value lost because a different alternative was not chosen. The are the unique inflows and outflows arising from a specific alternative, should it be chosen. 2. Similarly, arises from implementation of a specific alternative. In comparison, is the savings or added costs that arise when comparing alternatives to the current state. There are some costs that are always irrelevant, and one category is that have already been spent and cannot be recovered by making a different decision. 3. One way to select an alternative is to use a(n) called linear programming. Optimization under specific constraints on resources may target either in or The technical name to calculate what will be optimized is theA number of terms are provided. i (Click the icon to view the terms.) Use the terms from the list to complete the following sentences: i (Click the icon to view the sentences.) Complete the sentences below. 1) A full absorption cost refers to all manufacturing costs, including manufacturing overhead costs, whereas refers to all period or non-manufacturing costs as well as all manufacturing costs to bring the product to point of sale. The is the value lost because a different alternative was not chosen. The are the unique inflows and outflows arising from a specific alternative, should it be chosen. 2) Similarly, arises from implementation of a specific alternative. In comparison, is the savings or added costs that arise when comparing alternatives to the current state. There are some costs that are always irrelevant, and one category is that have already been spent and cannot be recovered by making a different decision. 3) One way to select an alternative is to use an called linear programming. Optimization under specific constraints on resources may target either in The technical name to calculate what will be optimized is the