Match each of the definitions that follow with the term (a–e) it defines.
a.Opportunity cost
b.Sunk cost
c.Theory of constraints
d.Differential analysis
e.Product cost distortion
163.Possible result of using an inappropriate overhead allocation method
164.Revenue forgone from an alternative use of an asset
165.Strategy that focuses on reducing bottlenecks
166.Not relevant to future decisions
167.Evaluation of how income will change based on an alternative course of action
Match the definitions that follow with the term (a–e) it defines.
a.Demand-based concept
b.Competition-based concept
c.Product cost concept
d.Target costing
e.Production bottleneck
168.Constraint
169.Combines market-based pricing with a cost-reduction emphasis
170.Only includes the costs of manufacturing in product cost per unit
171.Sets the price according to competitors
172.Sets the price according to demand
Match each of the definitions that follow with the term (a–e) it defines.
a.Engineering change order
b.Total cost concept
c.Variable cost concept
d.Normal selling price
e.Setup
173.A document that initiates a product or process change
174.Includes manufacturing costs plus selling and administrative expenses
175.Changing tooling when preparing for a new product
176.Target selling price to be achieved in the long term
177.Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit