$$A$($n$)$

$$

$$

average cost

controllable costs

differential costs

fixed costs

marginal cost

sunk costs

uncontrollable costs

variable costs

is the cost of making one more unit.

b$.$

Gasoline is one of many

$$

$$

average cost

controllable costs

differential costs

fixed costs

marginal cost

sunk costs

uncontrollable costs

variable costs

in the operation of a motor vehicle.

Part $3$

c$.$

A product's

$$

and

$$

$,$ not the product's

$$

$,$ should be used to

forecast total costs at different production volumes.

Part $4$

Part $5$

Part $6$

Part $7$

d$.$

The

$$

$$

average cost

controllable costs

differential costs

marginal cost

sunk costs

uncontrollable costs

variable costs

per unit declines as a production facility produces more units.

e$.$

Costs that differ between alternatives are called

$$

$$

average cost

controllable costs

differential costs

fixed costs

marginal cost

sunk costs

uncontrollable costs

variable costs

$.$

f$.$

In the long$$ run, most costs are

$$

$$

average cost

controllable costs

differential costs

fixed costs

marginal cost

sunk costs

uncontrollable costs

variable costs

$,$

meaning management is able to influence or change the amount of the cost.

g$.$

$$

$$

Average costs

Controllable costs

Differential costs

Fixed costs

Marginal cost

Sunk costs

Uncontrollable costs

Variable costs

are costs that have already been incurred.

Question content area bottom

Part $1$

A$.$

Sunk costs are costs that will be incurred in the future.

B$.$

Managers have the ability to influence uncontrollable costs in the$$ short$-$run.

C$.$

Sunk costs are irrelevant to decisions.

D$.$

Differential costs are not relevant to decisions.

LaDotaLaDota

opened

Paula's PosiesPaula's$$Posies$,$

a small retail shop selling floral arrangements

Part $1$

Compute the Cost of Goods Manufactured and Cost of Goods Sold for

Quality AcquaticQuality$$Acquatic

Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.