Select 8 items out of column A and match them with the correct answer from Column C You should put your answers in Column B Each correct response is worth of a point You can get up to 2 points A B C Fixed cost 1 Does not change on a per unit basis as the activity level changes Direct material 2 Has a fixed and variable cost component Variable cost 3 Does not change in total as the activity level changes Manufacturing overhead 4 salaries of assembly workers Mixed cost 5 shop foreman salary Selling commissions 6 Material used in producing a product Equivalent units of production 7 direct labor and manufacturing overhead Salary of the CFO 8 administrative cost Direct labor 9 estimated manufacturing overhead an allocation base Prime costs 10 direct labor and direct material Direct cost 11 cannot be easily traced to a product Conversion costs 12 direct material, direct labor and manufacturing overhead Indirect cost 13 can be easily traced to a product Manufacturing cost 14 Partially completed units x of completion Pre determined overhead rate 15 selling cost

Question

Select 8 items out of column A and match them with the correct answer from Column C  You should put your answers in Column B  Each correct response is worth of a point  You can get up to 2 points A B C Fixed cost 1 Does not change on a per unit basis as the activity level changes Direct material 2 Has a fixed and variable cost component Variable cost 3  Does not change in total as the activity level changes  Manufacturing overhead 4  salaries of assembly workers Mixed cost 5 shop foreman salary Selling commissions 6  Material used in producing a product  Equivalent units of production 7 direct labor and manufacturing overhead Salary of the CFO 8  administrative cost Direct labor 9  estimated manufacturing overhead   an allocation base Prime costs 10  direct labor and direct material Direct cost 11  cannot be easily traced to a product Conversion costs 12  direct material, direct labor and manufacturing overhead Indirect cost 13 can be easily traced to a product Manufacturing cost 14  Partially completed units x   of completion  Pre  determined overhead rate 15  selling cost

Accepted Answer

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A	B	C
Fixed cost		1.Does not change on a per unit basis as the activity level changes
Direct material		2.Has a fixed and variable cost component
Variable cost		3. Does not change in total as the activity level changes?
Manufacturing overhead		4. salaries of assembly workers
Mixed cost		5.shop foreman salary
Selling commissions		6. Material used in producing a product.
Equivalent units of production		7.direct labor and manufacturing overhead
Salary of the CFO		8. administrative cost
Direct labor		9. estimated manufacturing overhead / an allocation base
Prime costs		10. direct labor and direct material
Direct cost		11. cannot be easily traced to a product
Conversion costs		12. direct material, direct labor and manufacturing overhead
Indirect cost		13.can be easily traced to a product
Manufacturing cost		14. Partially completed units x % of completion.
Pre- determined overhead rate		15. selling cost

Question

Select 8 items out of column A and match them with the correct answer from Column C. You should put your answers in Column B.

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