GROUP 11, CLUSTER 5

2. The initial stage of production where all the required materials are procured.
7. A permanent reduction in the carrying value of an asset.
8. monetary value of resources used or sacrificed to produce goods or services
12. The highest point of activity the costs were out of line from the normal relationship.
13. An item of cost for which the optimum amount that should be spent can be estimated. It has a clear relationship to output.
14. a predetermined, budgeted, or actual cost per unit of activity used to allocate overhead, labor, or machine costs to products, services, or departments.
16. Refers to the costs directly related to the marketing of a company's products such as storage costs, advertising, commissions, salesmen's salaries and shipping costs.
18. Are hypothetical costs representing the cost or value of a resource measured by its use value.
19. costs associated with the next unit or an incremental cost associated with additional unit produced or sold.
20. an irregular shifting back and forth or up and down in the level, strength, or value of something

1. It is composed of indirect materials used, indirect labor, and other expenses incurred in the production.
3. it enables measurement of the extent to which objectives are reached.
4. These are costs which the size or the time of incurrence is a matter of choice.
5. the second stage where the conversion of raw materials into finished products will take place
6. is a factor that causes or influences the amount of cost incurred.
9. used to segregate mixed costs into fixed and variable components by plotting historical cost data against activity
10. The total of direct materials and direct labor used in production.
11. The practicality of tracing or allocating a cost.
15. assigning direct costs to a costing object
17. the last stage where the finished products are completely delivered and the company declared sales in the process