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On the Line in Front of Each Statement, Enter the Letter

Question 244

Matching

On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. An item may be used more than once or not at all.

Premises:

Responses:

Costs of developing, producing and delivering a product or service

relevant costs

Expected future costs that differs among alternatives

constraint

A factor that restricts production or sales of a product

contribution margin

Benefits foregone by choosing a particular alternative course of action

variable costing

Costs that were incurred in the past and cannot be changed

full cost of product or service

opportunity costs

sales mix

sunk costs

Premises:

Costs of developing, producing and delivering a product or service

Expected future costs that differs among alternatives

A factor that restricts production or sales of a product

Benefits foregone by choosing a particular alternative course of action

Costs that were incurred in the past and cannot be changed

Responses:

relevant costs

constraint

contribution margin

variable costing

full cost of product or service

opportunity costs

sales mix

sunk costs

Correct Answer:

Premises:

Responses:

relevant costs

constraint

contribution margin

variable costing

full cost of product or service

opportunity costs

sales mix

sunk costs

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