106) Any activity for which a separate measurement of costs is desired.

107) A sacrifice or giving up of resources for a particular purpose.

108) Costs that can be identified specifically and exclusively with a given cost objective in an economically feasible way.

109) All costs other than direct material or direct labour that are associated with the manufacturing process.

110) A product-costing method that assigns only variable manufacturing costs to a product.

111) A product-costing method that assigns all manufacturing costs to a product.

112) Expenses that are directly traceable to a given segment and would be avoided if the segment is eliminated.

113) Expenses that are not directly traceable to a particular segment and are unaffected by the elimination of any one segment.

114) Fixed manufacturing overhead assigned to production using a predetermined fixed overhead rate.

115) Direct labour costs plus direct materials costs.

116) Direct labour costs plus factory overhead costs.

117) Costs identified with goods produced or purchased for resale.

118) The costing method, which excludes fixed manufacturing overhead from the cost of products.

119) The costing method, which capitalizes fixed manufacturing overhead as product cost.

120) Sales revenue less cost of goods sold.

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