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ACCT674 Midterm Puzzle

Across
Costs that do not change with the level of production or sales.
The rate at which indirect costs are applied to production activities.
A method of costing inventory that assumes the last items purchased are the first ones sold.
The ratio of the company's total manufacturing overhead costs to the total amount of the allocation base.
Costs that are shared among multiple cost objects and cannot be easily traced to any one of them.
The difference between actual costs and budgeted costs.
Down
Costs that can be easily traced to a specific cost object.
An approach to costing that assigns indirect costs based on the use of cost drivers.
The cost incurred to produce or purchase an item for resale.
A method of costing inventory that assumes the first items purchased are the first ones sold.
The process of assigning indirect costs to cost objects.
The cost that varies in direct proportion to changes in the level of activity.