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

Question 242

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:
Costs of developing, producing and delivering a product or service
Costs that were incurred in the past and cannot be changed
A factor that restricts production or sales of a product
Expected future costs that differs among alternatives
Benefits foregone by choosing a particular alternative course of action
Responses:
full cost of product or service
sales mix
opportunity costs
variable costing
sunk costs
constraint
contribution margin
relevant costs

Correct Answer:

full cost of product or service
sales mix
opportunity costs
variable costing
sunk costs
constraint
contribution margin
relevant costs
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