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Variable and Absorption Costing: Class Questions

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Intro:

Video Vocabulary

/ˌman(y)əˈfakCHəriNG/

noun verb

making of articles on large scale using machinery. To produce large numbers of products in a factory.

/ˈtōdl/

verb

To add up numbers together to reach a final figure.

/sel/

verb

give or hand over something in exchange for money.

/ˈprädəkt/

noun

End result of a process.

/ikˈspens/

verb

offset against taxable income.

/əbˈzôrpSH(ə)n/

noun

process by which one thing absorbs or is absorbed by another.

/ˈkwesCH(ə)n/

noun other verb

sentence worded or expressed so as to elicit information. Issues or problems you are dealing with. To have or express concerns or uncertainty.

/ˈpraktəs/

noun verb

actual application or use of idea. perform activity repeatedly to improve or maintain proficiency.

adjective adverb noun

Located above your head or in the sky. above level of head. Regular and necessary cost, such as rent and heat.

/ˌkäntrəˈbyo͞oSH(ə)n/

noun

Article published in magazine or newspaper.

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