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Chapter 14 - Fill in the blanks

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

1. Absorption costing is a method for assigning indirect costs to production cost centres, where they are absorbed into the cost units using .

2. Part of the business that management wants to know the cost of running is known as a .

3. The process of sharing overhead costs between two or more cost centres in proportion to the benefit they receive is known as .

4. The process of matching costs to the cost centres or cost units to which they relate is known as .

5. The total cost of a cost unit is needed to determine the .

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