4 Select from the list provided the term that best matches each of the following descriptions. A. 2 points B. eBook c Print D. References E. F. G. Descriptions Term New techniques designed to measure more accurately and control costs; developed in response to today's complex automated business environment. Activity-based costing Activities that support a specific product or product line, such as inventory holding costs. Activity-based cost drivers Allocation process that uses a variety of cost drivers and initially assigns costs to cost centers Activity-based costing Activities performed for the benefit of the production process as a whole Activity centers Activities that are related to the production of groups of products, such as materials Batch-level activities handling costs and setup costs. The cost of goods that occur before goods are manufactured. Activity-based cost drivers Cost centers organized around operating activities that have similar characteristics. Activity centers A pricing scheme in which managers first determine the price that customers are willing to pay and then seek to produce the product at a cost that will allow the company to earn Activity-based cost drivers an acceptable profit Costs that occur after goods are manufactured, such as sales commissions. Activity centers Activities that increase each time another unit of product is made. Activity-based costing Measures of volume, such as labor hours, machine hours, or quality of materials; have a strong correlation with unit-level overhead costs. Activity-based cost drivers The use of direct labor hours of another measure of volume to allocate overhead costs Batch-level activities to all of a company's products. Measures of the use and consumption of activities that are used as allocation bases to improve the accuracy of allocations in automated businesses. H. I. J. K. L. M. Activity centers Activity-based cost drivers Activity-based costing Batch-level activities Company-wide allocation rate Downstream costs Activity-based cost drivers Facility-level activities Product-level activities Strategic cost management Target pricing Unit-level activities Unstream costs. Activity-based cost drivers Strategic cost management Target pricing Unit-level activities Upstream costs Volume-based cost drivers Activity-based cost drivers 4 Select from the list provided the term that best matches each of the following descriptions. A. 2 points B. eBook c Print D. References E. F. G. Descriptions Term New techniques designed to measure more accurately and control costs; developed in response to today's complex automated business environment. Activity-based costing Activities that support a specific product or product line, such as inventory holding costs. Activity-based cost drivers Allocation process that uses a variety of cost drivers and initially assigns costs to cost centers Activity-based costing Activities performed for the benefit of the production process as a whole Activity centers Activities that are related to the production of groups of products, such as materials Batch-level activities handling costs and setup costs. The cost of goods that occur before goods are manufactured. Activity-based cost drivers Cost centers organized around operating activities that have similar characteristics. Activity centers A pricing scheme in which managers first determine the price that customers are willing to pay and then seek to produce the product at a cost that will allow the company to earn Activity-based cost drivers an acceptable profit Costs that occur after goods are manufactured, such as sales commissions. Activity centers Activities that increase each time another unit of product is made. Activity-based costing Measures of volume, such as labor hours, machine hours, or quality of materials; have a strong correlation with unit-level overhead costs. Activity-based cost drivers The use of direct labor hours of another measure of volume to allocate overhead costs Batch-level activities to all of a company's products. Measures of the use and consumption of activities that are used as allocation bases to improve the accuracy of allocations in automated businesses. H. I. J. K. L. M. Activity centers Activity-based cost drivers Activity-based costing Batch-level activities Company-wide allocation rate Downstream costs Activity-based cost drivers Facility-level activities Product-level activities Strategic cost management Target pricing Unit-level activities Unstream costs. Activity-based cost drivers Strategic cost management Target pricing Unit-level activities Upstream costs Volume-based cost drivers Activity-based cost drivers