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Match the items.

The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives.

a. Is a cost that remains constant, in total, regardless of changes in the level of activity
b. Is a cost that cannot be easily and conveniently traced to a specified cost object
c. Is the potential benefit that is given up when an alternative is selected over another
d. Is a cost that has already been incurred and that cannot be changed by any decision now or in the future
e. Is a cost that varies, in total, in direct proportion to change in the level of activity
f. Is a cost that can be easily and conveniently traced to a specified cost object
g. Is the range of activity within which the assumptions about variable and fixed cost are valid
h. A difference in revenue between any two alternatives, also known as incremental revenue
i. A difference in cost between any two alternatives, also known as incremental cost

1. Variable Cost
2. Fixed Cost
3. Relevant Range
4. Direct Cost
5. Indirect Cost
6. Differential Cost
7. Differential Revenue
8. Opportunity Cost
9. Sunk Cost

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