Match Each Term with Its Definition

question 2

Multiple Choice

Match each term with its definition.
-Coagulation test commonly used to assess the therapeutic range of warfarin therapy

• A)plaque
• B)immunoassays
• C)radioallergosorbent test (RAST)
• D)histamine
• E)epinephrine
• F)phenylketonuria (PKU)
• G)liver panel
• H)kidney function test
• I)creatine kinase (CK)
• J)prothrombin time (PT)

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Definitions:

Equivalent Units

A concept used in process costing that converts partially completed units into a smaller number of fully completed units.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, representing the expenditures to convert raw materials into finished goods.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, representing the expenses to convert raw materials into finished goods.

Cost Per Equivalent Unit

A calculation used in process costing, dividing the total cost by the number of units produced to determine the cost per unit.