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FA 1: Intro To Cost Acc: Completion
FA 1: Intro To Cost Acc: Completion
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Completion
The branch of accounting that is most concerned with addressing the needs of
the !rm as a whole is ____________________ accounting *
Financial
The branch of accounting that is most concerned with addressing the needs of
speci!c depa"ments of the !rm is ____________________ accounting *
Management
Cost
Costs that can be conveniently traced to a cost object are referred to as
____________________ costs. *
Direct
A cost that remains unchanged in total within the relevant range is known as a
____________________ cost. *
Fixed
Variable
A cost that remains constant on a per unit basis within the relevant range is a
____________________ cost. *
Mixed
A cost that varies inversely with the level of production is known as a
____________________ cost. *
Variable
Mixed
Period
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