Match these items. Match the items in the left column to the items in the right column. 1. accounting cost
cost of producing a good or service
2. alternative
happiness; satisfaction
3. monetary
relating to money
value of all the alternatives given
4. opportunity cost
up
value of the best alternative given
5. retail price
up
6. trade-off
option
7. utility
money value of a good or service
that is charged to the customer

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?