Answered: b.Cost control and reduction

Business

Accounting

b.Cost control and reduction

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 5Q: For each cost pool, identify an appropriate cost driver. A. order department B. accounts receivable...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

100%

20. Select which of the following requires a separate measurement of cost.

a.Number

b.Activity

c.Area

d.Volume

21. Select the objective of cost accounting which helps the management in doing the business efficiently.

a.Guide to business policy

b.Cost control and reduction

c.Determination of selling price

d.Ascertainment of time

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