| A) | The extra hourly wage rate paid to workers who must work more than their normal time requirements.
|
| B) | Those materials that become an integral part of a finished product and can be conveniently traced to it.
|
| C) | Small items of material that may become an integral part of a finished product but whose costs of tracing exceed the benefits.
|
| D) | Those factory labour costs that can be traced easily to individual units of product.
|
| E) | A schedule showing the direct materials, direct labour, and manufacturing overhead costs incurred for a period and assigned to work in process and completed goods.
|
| F) | The way in which a cost reacts or responds to changes in the level of activity.
|
| G) | A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity.
|
| H) | Any unit of analysis for which cost data are desired.
|
| I) | Any cost that has already been incurred and that cannot be changed by any decision made now or in the future.
|
| J) | A cost that cannot be easily and conveniently traced to the particular cost object under consideration.
|
| K) | All costs that are expensed on the income statement in the period in which they are incurred or accrued. Selling (marketing) and administrative expenses are period costs.
|
| L) | Direct labour cost plus manufacturing overhead cost.
|
| M) | A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.
|
| N) | Costs that contain both variable and fixed cost elements.
|
| O) | A difference in cost between any two alternatives.
|
| P) | All executive, organizational, and clerical costs associated with the general management of an organization rather than with manufacturing, marketing, or selling.
|
| Q) | All costs that are involved in the purchase or manufacture of goods. In the case of manufactured goods, these costs consist of direct materials, direct labour, and manufacturing overhead. They are also called inventoriable costs.
|
| R) | All costs associated with manufacturing except direct materials and direct labour.
|
| S) | The potential benefit that is given up when one alternative is selected over another.
|
| T) | Materials used to make a product that have not yet been placed into production.
|
| U) | The labour costs of janitors, supervisors, materials handlers, and other factory workers that cannot be conveniently traced directly to particular products.
|
| V) | A cost that is incurred to support a number of cost objects but cannot be traced to any of them individually.
|
| W) | All costs necessary to secure customer orders and get the finished product or service to the customer.
|
| X) | Costs that represent the direct materials, direct labour, and manufacturing overhead used to perform the production work for finished or unfinished products for the period.
|
| Y) | A cost that can be easily and conveniently traced to the particular cost object under consideration.
|
| Z) | Inventory consisting of units of product that are only partially complete and will require further work before they are ready for sale to a customer.
|
| AA) | Costs that include the direct materials, direct labour, and manufacturing overhead used for the products finished during the period.
|
| AB) | A difference in revenue between any two alternatives.
|
| AC) | Direct materials cost plus direct labour cost.
|
| AD) | The range of activity within which assumptions about variable and fixed cost behaviour are valid.
|
| AE) | Inventory consisting of units of product that have been completed but have not yet been sold to customers.
|
.