Match each definition that follows with the term (a-e) it defines.
-Includes manufacturing costs plus selling and administrative expenses
A)Engineering change order
B)Total cost concept
C)Variable cost concept
D)Normal selling price
E)Setup

Question

Quizplus · Accepted Answer

Total cost concept includes manufacturing costs plus selling and administrative expenses. Engineering change order refers to a document that outlines proposed changes to a product design or production process. Variable cost concept refers to costs that vary with changes in production volume. Normal selling price refers to the price at which a product is typically sold. Setup refers to the process of preparing a production line or machine for use.

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