A costing method that includes all manufacturing costsโdirect materials, direct labor, and both variable and fixed manufacturing overheadโin unit product costs.
Absorption costing
Oops!
Check
Okay!
Check
15
A fixed cost that is incurred because of the existence of a particular business segment and that would be eliminated if the segment were eliminated.
Traceable fixed cost
Oops!
Check
Okay!
Check
15
A fixed cost that supports more than one business segment, but is not traceable in whole or in part to any one of the business segments.
Common fixed cost
Oops!
Check
Okay!
Check
eraser
Reset score!
Oops!
gold
Win 50 points!
Okay!
gift
Win 10 points!
Okay!
banana
Go to last place!
Oops!
15
A segmentโs contribution margin less its traceable fixed costs. It represents the margin available after a segment has covered all of its own traceable costs.
Segment margin
Oops!
Check
Okay!
Check
15
A costing method that includes only variable manufacturing costsโdirect materials, direct labor, and variable manufacturing overheadโin unit product costs.
Variable costing
Oops!
Check
Okay!
Check
15
Any part or activity of an organization about which managers seek cost, revenue, or profit data.