Match each of the six following terms with the phrase that mostclosely describes it. Each answer may be used only once. _____ 1.Direct costs _____ 2. Fixed costs _____ 3. Incremental costs _____4. Enterprise resource planning system _____ 5. Noncontrollablecosts _____ 6. Opportunity costs (A) Costs that increase ordecrease in total in response to increases or decreases in thelevel of business activity (B) Costs that are directly traceable toa product, activity, or department (C) Costs that a manager caninfluence (D) The difference in costs between decision alternatives(E) Costs incurred in the past that are not relevant to presentdecisions (F) Costs that cannot be influenced by a manager (G)Financial plans prepared by management accountants (H) Value of thebenefits foregone when one decision alternative is selected overanother (I) Costs that cannot be directly traced to a product,activity, or department or are not worth tracing (J) Costs that donot change in total with changes in the level of business activity(K) Systems that prepare a master production system and all of thesupport across the company
Match each of the six following terms with the phrase that mostclosely describes it. Each answer may be used only once. _____ 1.Direct costs _____ 2. Fixed costs _____ 3. Incremental costs _____4. Enterprise resource planning system _____ 5. Noncontrollablecosts _____ 6. Opportunity costs (A) Costs that increase ordecrease in total in response to increases or decreases in thelevel of business activity (B) Costs that are directly traceable toa product, activity, or department (C) Costs that a manager caninfluence (D) The difference in costs between decision alternatives(E) Costs incurred in the past that are not relevant to presentdecisions (F) Costs that cannot be influenced by a manager (G)Financial plans prepared by management accountants (H) Value of thebenefits foregone when one decision alternative is selected overanother (I) Costs that cannot be directly traced to a product,activity, or department or are not worth tracing (J) Costs that donot change in total with changes in the level of business activity(K) Systems that prepare a master production system and all of thesupport across the company
