Terms to Learn

This chapter and the Glossary at the end of the text contain definitions of the following important terms:

  1. absorption costing
  2. direct costing
  3. downward demand spiral
  4. master-budget capacity utilization
  5. normal capacity utilization
  6. practical capacity
  7. super-variable costing
  8. theoretical capacity
  9. throughput costing
  10. variable costing