21. A decrease in production levels within a relevant range would a. decrease variable cost per unit b. decrease total costs c. increase total fixed coats d. increase variable cost per unit STANDARDS In the establishment of a standard cost aystem, we standards into the areas of 2 pt each have divided the atandards 23. MATCHING 2 pt each ponce the letter, that correaponde vith your choice beside the icema that tollow One answer eachl A. absorption costing B. by-products C. cash budget D. contribution margin R. direct costing F. external reports G. favorable variance H. gross profit J.joint products K. main produet L. Bales budget M. standard costs N. variance analyais o, unfavorable variance 24. Statement of expected cash receipts and disburaements duri 25. Sales less variable manufacturing, selling, and administrative co period adjusted for opening and closing cash balances administrative costs Coate that are expected to be achieved in a particular production process 27. Reeult when actual costs are less than standard costs 20. Product of limited sales value produced simultaneously with a p greater value, known as a main product 29. Various cost, operating, and finaneial reporta that are prepared daily, weekly, sonthly, ete.. for internal management in planning and controlling operationa standards, because of either external or internal factors the volume of production are treated as product coats 30. Disnection of differences arising when actual results do not equal 31. Costing method under which only production costs vhich tend to vary with 2 pt each KATCHING Place the letter that corresponds with your choice beside the items that follow A. direct materials B. direct labor C. factory overhead D. fixed cost E. mixed or semivariable cost F. variable cost G. conversion cost H. prime cost COST BEHAVIOR 32. Costs which in total remain constant over a relevant range of output while the cost per unit varies inversely with output 33. Costs which change in total in direct proportion to changes in volume whose unit cost remains constant, within the relevant range and COST ELEMENTS 34. Materials used directly in the production of a finished product which can be easily traced to the product and which represents a major material cost of producing that product 35. Accumulated indirect materials, indirect labor, and all other indirect manufacturing cost