Match each definition that follows with the term (a-e) it defines.
-Target selling price to be achieved in the long term
A)Engineering change order
B)Total cost concept
C)Variable cost concept
D)Normal selling price
E)Setup

Question

Quizplus · Accepted Answer

Normal selling price refers to the target selling price to be achieved in the long term. The other options are:
A) Engineering change order - a document used to request changes to a product's design or documentation
B) Total cost concept - a cost accounting method that takes into account all costs associated with a product or service
C) Variable cost concept - a cost accounting method that only looks at the variable costs associated with a product or service
E) Setup - the process of preparing a machine or tool for a production run.

Match Each Definition That Follows with the Term (A-E) It