Costs. Additional exercises

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    Costs
    Fill in the missing words in the terms blow. Choose from the box.
    appointment; centre; conversion; direct; fixed; integrated; indirect; interlocking; labour; marginal
    1) direct costs - costs which are directly related to making a product (e.g. materials, labour and expenses).
    2) ____ costs – costs of changing materials into products
    3) ____ costs – costs which are not directly related to making a product, e.g. rent, administration
    4) ____ costs - this could be a location, a function, a piece of equipment or a group of employees where you can identify and allocate costs for control purposes
    5) ____ costs - you divide the common overhead costs between the various activities which us them according to how much they use
    6) ____ costs – costs which always stay the same even if the number of items produced changes.
    7) ____ costs – the cost of paying workers to make the product
    8) ____ cost – the cost of making a single extra until above the number already planned.
    9) ____ cost accounts – you don’t separate financial and cost accounting
    10) ___ cost accounts – separate cost and financial accounts which are reconciled sometimes.