Part $1$: Matching $(1$ point each$)-$ Choose the best answer

$-$Answers may be used once or not at all

$11$ Costs of DM$,$ DL & MOH are accumulated separately for each job

$2$ Manufacturing overhead costs are applied based on the activities that consume resources $3$ Costs that are charged to expense in the period that the costs are incurred Often, several WIP inventories are needed for this

$5$

Direct labor and manufacturing overhead

$6$

Estimated manufacturing overhead $/$ estimated units in the activity base

$7$ Revenue exactly covers $($equals$)$ costs and expenses

$8$ A "catchall" category including all manufacturing costs other than DM & DL

$9$

$p$

Amount by which actual sales exceed the breakeven point

$10$

Costs that vary directly with changes in the level of the activity base

$11$

A reduction in unit cost achieved through a higher volume of output

$12$

Useful accounting informatin provided to management or insiders of the company

$13$

Wages for assembly line workers

$14$ Partially completed units expressed in terms of completed units

$15$ Sales minus variable costs

$16$ The activities & resources it takes from start to finish to make your product

$17$

What an organization uses to compare itself to others in the industry

$18$

Costs that contain both a fixed and variable component

$19$

K Completed units on hand and available for sale

$20$

Goods at any stage of the manufacturing process short of completion