Programmed costs are also known as O sunk costs O differential costs O standard costs Omanaged costs

In incremental analysis, the only costs to be considered are O relevant costs. sunk costs. O variable costs. O manufacturing costs.

Cost allocation bases are ideally based on a cause and effect basis. That is not always easy when allocating fixed costs. Why might this be so?

What is absorption costing and marginal costing in the context of overhead costs? Discuss the following in your answer: • The difference between absorption costing and marginal costing. • Two reasons for absorption costing.

Define cost behavior. Define and discuss how variable cost, fixed cost and mixed cost is different. Provide an example of each.

What are direct out-of-pocket costs

Why functional (or volume)- based costing approaches may produce distorted costs.

What are the advantages and disadvantages of Standard costing system when the labor rate us fixed?

A cost that has characteristics of both a variable cost and a fixed cost is called a Oa. variable/fixed cost Ob. sunk cost Oc. discretionary cost Od, mixed cost