Complete the following statements with one of the terms listed here: You may use a term more than once and some terms may not be used at all. Differential Costs Irrelevant Costs Controllable Costs Marginal Costs Fixed Costs Average Cost Uncontrollable Costs Sunk Costs Variable Costs 1. For decision-making purposes, costs that do not differ between alternatives are 2. Costs that have already been incurred are called 3. Managers cannot influence .........in the short run. 4. Total stay constant over a wide range of production volumes. 5. The. action. is the difference in cost between two alternative courses of 6. The product's is the cost of making one more unit. Total costs decrease when production volume decreases. 7. A product's and ............ not the product's should be used to forecast total costs at different production volumes.

Complete the following statements with one of the terms listed here:

You may use a term more than once and some terms may not be used at all.

Differential Costs

Irrelevant Costs

Controllable Costs

Marginal Costs

Fixed Costs

Average Cost

Uncontrollable Costs

Sunk Costs

Variable Costs

1. For decision-making purposes, costs that do not differ between alternatives

are

2. Costs that have already been incurred are called

3. Managers cannot influence .........in the short run.

4. Total stay constant over a wide range of production volumes.

5. The. action. is the difference in cost between two alternative courses of

6. The product's is the cost of making one more unit. Total costs decrease when production volume decreases.

7. A product's and ............ not the product's should be used to forecast total costs at different production volumes.