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Out of the 17 terms below which 4 or 5 terms relate to Process Costing ? Discuss IN DETAIL why those terms you picked are most important to that role. 1. Product Cost 2. Period Cost 3. Fixed Cost 4. Variable Cost 5 Relevant Range 6. Cost Behavior 7. Opportunity Cost 8. Sunk Cost 9. Direct Material Cost 10. Direct Labor Cost 11. OH Application 12. Job Order Costing 13. Process Costing 14. Contribution Margin 15. Break -Even Point (including Profit) 16. Variable Costing 17. Absorption Costing (Full Costing)

Operation Management, Management Studies

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