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Where a specific product is the cost object the materials usedto manufacture the product would probably be classified as a(n)_____.a. direct variable costb. direct fixed costc. […]

_____ is a name for a system that first accumulates overheadcosts for each of the activities of an organization and thenassigns the costs of activities to […]

_____ would be a consideration in a make-or-buy decision.a.Excesscapacityb.Variable factoryoverheadc.Rental income from unusedfacilitiesd.All of these answers are correct

The choice of the absorption or contribution approach affectsthe manufacturing cost per unitbecause the manufacturing cost per unit is _____.a. higher if the absorption approach isusedb. […]

_____ is the first step in estimating or predicting costs as afunction of appropriate cost drivers.a.Cost measurementb.Costdeterminationc.Cost behavior investigationd.Cost driver identification

_____ is the process of measuring products services andactivities against the bestlevels of performance.a. Value-addingb. Activity-based costingc. Benchmarkingd. Continuous improvement

The process of identifying appropriate cost drivers and theireffects on the costs of making a product or providing a service iscalled _____.a. cost predictionb. cost measurementc. […]

_____ budgeting is when budgets are formulated with the activeparticipation of all affected employees.

What is the value today of an investment that pays $500 everyyear at year-end during the next 15 years if the annual interestrate is 9%?a. $4030.50b. […]