Match the following costs with their descriptions.
I. Controllable expenses a. Carefully predetermined costs
II. Standard costs b. Costs which are eliminated if a department is closed
III. Avoidable costs c. Expenses that cannot be directly traced to a cost object
IV. Indirect expenses d. Expenses which can be influenced by a manager
A) I:c, II:a, III:d, IV:b
B) I:d, II:a, III:b, IV:c
C) I:d, II:a, III:b, IV:c.
D) I:a, II:d, III:b, IV:c

Question

Quizplus · Accepted Answer

I. Controllable expenses - Expenses which can be influenced by a manager are referred to as controllable expenses. 
II. Standard costs - Standard costs are carefully predetermined costs. 
III. Avoidable costs - Costs which are eliminated if a department is closed are referred to as avoidable costs. 
IV. Indirect expenses - Expenses that cannot be directly traced to a cost object are referred to as indirect expenses.

Match the Following Costs with Their Descriptions