Matching
Match the following:
Premises:
A cost that relates to the cost object, but cannot be traced to it
A cost that has already been incurred
The combination of direct materials and direct labour
Costs that change in total in direct proportion to changes in volume
Responses:
Prime costs
The combination of direct materials and direct labour
Sunk cost
Marginal cost
Variable costs
Differential cost
Indirect cost
Direct costs
Average cost
Correct Answer:
Premises:
Responses:
Prime costs
The combination of direct materials and direct labour
Sunk cost
Marginal cost
Variable costs
Differential cost
Indirect cost
Direct costs
Average cost
Premises:
Prime costs
The combination of direct materials and direct labour
Sunk cost
Marginal cost
Variable costs
Differential cost
Indirect cost
Direct costs
Average cost
Responses:
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