Question $1(10$ points$)$

Match the definitions with the appropriate terms below:

$1)$ Resources such as raw materials, parts and components that can

feasibly be observed being used to make a specific product.

$2)$ Common costs incurred in the process of making two or more joint products.

$3)$ All other costs associated with manufacturing a product, other than direct

materials and direct labor.

$4)$ A discipline of Accounting concerned with providing managers within an

organization with financial information.

$5)$ A cost which changes in direct proportion to changes in volume

$6)$ The three types of inventories in a manufacturing company are Raw Materials,

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,$ and Finished Goods.

$7)$ The monthly rent for a coffee cart of $$2,000$ is a $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ cost$.$

$8)$ Dividing a total cost into segmemts. Spreading out a total cost to component

units.

$9)$ Costs that contain both a variable and fixed cost element.

$10)$ The relative proportions of a company's products

A$)$ Indirect materials I$)$ Allocation

B$)$ Mixed Cost J$)$ Dual Cost

C$)$ Change costs K$)$ Fixed cost

D$)$ Administrative costs L$)$ Financial Accounting

E$)$ Variable cost M$)$ Direct Materials

F$)$ Sales Mix N$)$ Work In Process

G$)$ Manufacturing Overhead O$)$ Joint Costs

H$)$ Managerial Accounting P$)$ Differential Costs