Questions C, J, L, and M are wrong

4. B. C. D. E. F. G. Descriptions Term New techniques designed to measure more accurately and control costs; developed in Strategic cost management response to today's complex automated business environment. Activities that support a specific product or product line, such as inventory holding costs. Product-level activities Allocation process that uses a variety of cost drivers and initially assigns costs to cost Unit-level activities centers. Activities performed for the benefit of the production process as a whole Facility-level activities 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. Upstream costs 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 Target pricing an acceptable profit Costs that occur after goods are manufactured, such as sales commissions. Downstream costs Activities that increase each time another unit of product is made. Batch-level activities Measures of volume, such as labor hours, machine hours, or quality of materials; have a strong correlation with unit-level overhead costs. Volume-based cost drivers The use of direct labor hours of another measure of volume to allocate overhead costs to all of a company's products, Activity-based cost drivers Measures of the use and consumpticn of activities that are used as allocation bases to improve the accuracy of allocations in automated businesses. Activity-based costing H. 1. J. K. L. M. Activity centers Activity-based cost drivers Activity-based costing Batch-level activities Company-wide allocation rate Downstream costs Facility-level activities Product-level activities Strategic cost management Target pricing Strategic cost management Target pricing Unit-level activities Upstream costs Volume-based cost drivers