1
answer
0
watching
128
views

FILL IN THE CORRECT TERMINOLOGIES IN THE BLANK SPACES
_____ 1. a. A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs.
_____ 2. b. A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows.
_____ 3. c. Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit.
_____ 4. d. An analysis of the additional costs and benefits of a proposed alternative compared with the current situation.
_____ 5. e. A historical cost that the company has already incurred which is irrelevant to the decision making process.
_____ 6. f. Costs that will not continue if an ongoing operation is changed or deleted.
_____ 7. g. An already owned production site that is not currently in use.
_____ 8. h. The maximum available benefit foregone by using a resource for a particular purpose.
_____ 9. i. The predicted future costs and revenues that will differ among alternative courses of action.
_____ 10. J. The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project
_____ 11. k. Those costs of facilities and services that are shared by users
_____ 12. l. The juncture of manufacturing where separate products developed in the same process become individually identifiable.
_____ 13. m. A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs.
_____ 14. n. Purchasing products or services from a supplier outside the company.
_____ 15. o. Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money
_____ 16. p. Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income
_____ 17 q. The long-term planning for investment commitments with returns spread over multiple years
_____ 18. r. A decision process that compares the differential revenues and costs of alternatives.
_____ 19. s. Costs that will continue even if a company discontinues one of its current operations
_____ 20. t. The increase in expected average annual operating income divided by the original required investment

For unlimited access to Homework Help, a Homework+ subscription is required.

Keith Leannon
Keith LeannonLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in

Weekly leaderboard

Start filling in the gaps now
Log in