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  • 2021-04-14
    The process of identifying appropriate cost drivers and their effects onthe costs of making a product or providing a service is called:
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    • Activityanalysis is used to identify appropriate cost drivers and their effects on thecosts of making a product or providing a service.
    • ________ are sets of interdependent organizations participating in the process of making a product or service available for use or consumption.
    • An organisation manufactures a single product. The total cost of making 4,000 units is $20,000 and the total cost of making 20,000 units is $40,000. Within this range of activity the total fixed costs remain unchanged.What is the variable cost per unit of the product?
    • An<br/>externally focused process of analyzing costs in terms of the overall<br/>value chain is called strategic cost management.<br/>( )
    • When computing the cost per equivalent unit, the weighted-average method of process costing considers: A: costs incurred during the current period only. B: costs incurred during the current period plus cost of ending work in process inventory. C: costs incurred during the current period plus cost of beginning work in process inventory. D: costs incurred during the current period less cost of beginning work in process inventory.

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