Matching (2 pts each) - choose the BEST answer from the following options (do not use an item more than once): a. Direct Cost f. Inventoriable Cost k. Absorption Costing b. Indirect Cost g. Period Cost 1. Variable Costing c. Variable Cost h. Prime Cost m. Margin of Safety d. Fixed Cost i. Conversion Cost n. Target Operating Income e. Breakeven Point j. Operating Leverage o. Segment Margin - is a measure used to estimate the change in profit due to a corresponding change in sales. is a type of cost classification including direct labor and manufacturing overhead. results in higher net income than the alternative method when inventory levels are decreasing. can be used to determine the long-term profitability of an individual region, product line, or division. 5. is expensed when the cost is incurred. is another way to describe product costs that attach to units of product and are expensed when the good is sold. Multiple Choice (2 pts each) - choose the BEST answer: 7. Which of the following is not one of the main inventory accounts on a balance sheet? a. Work in Process b. Raw Materials c. Finished Goods d. Cost of Goods Sold e. None of the above Page 1 of 7