Question 1 Match the definition with the correct term. F Finished Goods Method of allocating costs between products that traces costs to individual units based A Activity cost driver on multiple identified activities. B. Job Costing Cost classification based on how total costs change with changes in production volume activity C. Fixed costs Cost classification based on the ability to trace a cost to a cost object. D. Direct vs. Indirect Cost classification that expenses activity costs linked to a time period or capitalizes costs E Product vs. Period associated with completed product. A factor that causes the total cost of an activity to go up or down G. Work in Process Total costs do NOT change with changes in production volume. H. Activity based Costing Completed units, ready to sell to customers Raw Materials inventory Units in the process of being manufactured but not completed. Fixed vs. Variable Cost accounting system used to determine the cost of custom jobs. k Cost Accounting Raw material costs that cannot be easily traced to a single unit. L Indirect materials M. All manufacturing costs that are not direct labor or direct material M. Factory Overhead Costing system used to accumulate production costs and assign them to products and Sevices Account used to track the purchase and use of goods used to manufacture a product