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138.     The understanding and quantification of how activities of an organization affect levels of costs

     
139.      An activity that can be graphed with a straight line because each cost is assumed to be either fixed or variable
     
     

140.      Costs that change abruptly at intervals of activity because the resources and      their costs are only available in indivisible chunks

     

141.      These costs contain elements of both fixed- and variable-cost behavior

     


142.      These costs are the fixed costs of being able to achieve a desired level of production or to provide a desired level of service while maintaining product or service attributes, such as quality

     

143.      These costs are determined by management as part of the periodic planning process to meet the organization's goals

     

144.      The first step in estimating or predicting costs as a function of appropriate cost drivers

     

145.     These costs arise from the possession of facilities, equipment, and basic organization


146.     Examples of this type of cost are advertising, research and development, and employee training programs

     
147.     Examples of this type of cost are mortgage payments, property taxes, and insurance

 


148.      An algebraic equation used by managers to describe the relationship between a cost and its cost driver(s)

     

149.     Managers should apply these criteria to obtain accurate and useful cost functions

     


150.      Managers use this to identify appropriate cost drivers and their effects on the costs of making a product or providing a service

     

151.      The application of cost measures to expected future activity levels to forecast future costs

     

 

152.      This method measures cost behavior according to what costs should be, not by what costs have been

     

153.      The simplest of the three methods to measure a linear-cost function from past cost data

     

154.     This nonstatistical approach is more reliable than the high-low method because it      uses all the available data instead of just two points

     V

155.     Measuring a cost function objectively by using statistics to fit a cost function to all the data

     

156.     The measure of reliability, or goodness of fit

     

157.     Measuring a cost function by looking to the accounting system for information about cost behavior

     

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