The estimated unit costs for a company to produce and sell a product at a level of 12,300 units per month are as follows: Cost Item Estimated Unit Cost Direct material $ 32 Direct labor 23 Variable manufacturing overhead 18 Fixed manufacturing overhead 6 Variable selling expenses 4 Fixed selling expenses 5 What are the estimated conversion costs per unit

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs