3. Select the suitable concept to match the appropriate definition.

1.Sacrifice of resources.

2.Cost that cannot be directly related to a cost object.

3.Cost that varies with the volume of activity.

4.Cost used to compute inventory value according to GAAP.

5.Cost charged against revenue in a particular accounting period.

6.Cost that can be directly related to a cost object.

7.Past, present, or near-future cash flow.

8.Lost benefit from the best forgone alternative.

9.Cost that can more easily be attributed to time intervals.

10.Cost that does not vary with the volume of activity.

11.Cost that is part of inventory.

Options: Cost Direct Cost Expense Fixed Cost Full absorption Cost Indirect Cost Opportunity Cost Outlay Cost Period Cost Product Cost Variable Cost