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Select the Letter Corresponding to the Term That Best Fits

Question 213

Matching

select the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all

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

Correct Answer:

Direct costs
Marginal cost
Average cost
Conversion costs
Prime costs
Variable costs
Indirect cost
Sunk cost
Differential cost
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