Solved

Match Each of the Definitions That Follow with the Term

Question 161

Matching

Match each of the definitions that follow with the term (a-e) it defines.

Premises:
A document that initiates a product or process change
Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit
Changing tooling when preparing for a new product
Target selling price to be achieved in the long term
Includes manufacturing costs plus selling and administrative expenses
Responses:
Total cost concept
Engineering change order
Normal selling price
Setup
Variable cost concept

Correct Answer:

A document that initiates a product or process change
Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit
Changing tooling when preparing for a new product
Target selling price to be achieved in the long term
Includes manufacturing costs plus selling and administrative expenses
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