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Match the Following Terms with the Definitions Below

Question 101

Matching

Match the following terms with the definitions below.

Premises:
A cost incurred to maintain the company's capacity to operate.
All cost other than direct materials and direct labor that are incurred to manufacture products.
The cost of employees who manufacture products.
A cost that varies with the number of batches regardless of how many units are in each batch.
A cost that varies with the number of products produced.
The cost of production materials that either cannot be traced to the product or whose cost is not enough to warrant tracing.
A cost that varies with the number of product lines.
The additional cost associated with an alternative.
The study of how cost and profits change in response to changes in the volume of goods and services provided to customers.
Responses:
Product-sustaining cost
Incremental cost
Direct Labor
Unit related cost.
Cost-volume-profit analysis
Indirect material
Facility-sustaining cost
Batch-related cost.
Manufacturing overhead

Correct Answer:

A cost incurred to maintain the company's capacity to operate.
All cost other than direct materials and direct labor that are incurred to manufacture products.
The cost of employees who manufacture products.
A cost that varies with the number of batches regardless of how many units are in each batch.
A cost that varies with the number of products produced.
The cost of production materials that either cannot be traced to the product or whose cost is not enough to warrant tracing.
A cost that varies with the number of product lines.
The additional cost associated with an alternative.
The study of how cost and profits change in response to changes in the volume of goods and services provided to customers.
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