Fill in the Blank Questions
166. Product pricing, product mix decisions, and cost control are examples of _________________ activities.
167. In competitive markets, price is established through the forces of _______________ and _______________.
168. Product costs consist of direct labor, direct materials, and ______________.
169. Overhead costs cannot be ________________________ in the same way that direct materials and direct labor can.
170. The ________________________ overhead rate method uses a single rate for allocating overhead costs to products.
171. The ________________________ overhead rate method uses multiple volume-based measures to allocate overhead costs to products.
172. ________________________focuses on activities and the cost of carrying out activities.
173. The ________________________ is the target of the cost assignment.
174. A _______________________ overhead rate is a single overhead rate determined by using volume-related measures.
175. The ______________________ overhead rate method uses a different overhead rate for each production department.