Match each of the definitions that follow with the term it defines.

Engineering change order Total cost concept

Variable cost concept Normal selling price

Setup A document that initiates a product or process change

Includes manufacturing costs plus selling and administrative expenses Changing tooling when preparing for a new product

Target selling price to be achieved in the long term Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit

Question

Business

Guest

29 June, 10:58

Match each of the definitions that follow with the term it defines.

Engineering change order Total cost concept

Variable cost concept Normal selling price

Setup A document that initiates a product or process change

Includes manufacturing costs plus selling and administrative expenses Changing tooling when preparing for a new product

Target selling price to be achieved in the long term Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit

+2

Answers (1)

Know the Answer?

Leanna · Answer 1

Answer: The answers are:

1) Engieering change order is a document that initiates a product or process change.

2) Total cost concept Includes manufacturing costs plus selling and administrative expenses.

3) Variable cost concept = Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit.

4) Normal selling price is Target selling price to be achieved in the long term.

5) Setup = Changing tooling when preparing for a new product.