Match Each of the Following Descriptions with the Appropriate Costing

question 92

Short Answer

Match each of the following descriptions with the appropriate costing concept (a-c).
-Generally provides the most useful report for setting long-term prices
A)Absorption costing only
B)Variable costing only
C)Both absorption and variable costing

• A)Absorption costing only
• B)Variable costing only
• C)Both absorption and variable costing

---

Definitions:

Supplier Evaluation

The process of assessing and approving potential suppliers by quantitative and qualitative assessment.

Order Management

The process of tracking and fulfilling sales orders, from the initial order placement to delivery to the customer.

ISCM

Integrated Supply Chain Management, the coordinated management of the entire supply chain from procurement to delivery for efficiency and competitiveness.

Order Management

The process of efficiently tracking and fulfilling sales orders, from initial order receipt through to delivery.