Please match key concept discussed in class with the corresponding definition. Total points value 24pts

A. managerial accounting	E. actual cost	I. period cost
B. contribution margin	F. cost accounting	J. cost object
C. operating leverage	G. inventoriable cost	K. breakeven point
D. cost driver	H. fixed cost	L. financial accounting

____1. Focuses on reporting to external parties such as investors, government agencies, banks, and suppliers.

____2. Measures, analyzes, and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization.

____3. Is the cost incurred (a historical or past cost).

____4. Measures and analyzes and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization.

____5. Which is anything for which a measurement of costs is desired.

____6. Is a variable, such as the level of activity or volume that causally affects cost over given time span.

____7. All costs in the income statement other than cost of goods sold.

____8. All costs of a product that are considered as assets in the balance sheet when they are incurred and that become cost of goods sold only when the product is sold.

____9. The difference between total revenues and total variable costs.

____10. The quantity of output sold at which total revenue equal total costs.

____11. Describes the effects that fixed cost have on changes in operating income as changes occur in units sold and contribution margin.

____12. Remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume.