Match the following lettered terms on the left with the appropriate numbered description on the right.
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a. Budgeted cost |
1. An expense or loss |
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b. Direct cost |
2. A cost that remains constant on a per unit basis |
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c. Distribution cost |
3. A cost associated with a specific cost object |
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d. Expired cost |
4. Direct material, direct labor, and manufacturing overhead |
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e. Fixed cost |
5. Product cost |
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f. Inventoriable cost |
6. A cost that varies inversely on a per unit basis with changes in activity |
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g. Period cost |
7. A cost primarily associaed with the passage of time rather than production activity |
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h. Product cost |
8. An expected future cost |
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i. Variable cost |
9. A cost of transporting a product |