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Explain what is meant by a cost hierarchy in ABC

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Reference no: EM132953352

Question - ABC cost hierarchy; uncertainties LO2 In ABC systems, activities are often separated into a hierarchy of categories.

a) Explain what is meant by a cost hierarchy in ABC.

b) Explain why uncertainty is possible in classifying costs within the cost hierarchy.

c) Explain how categorising costs into a hierarchy helps accountants determine how costs behave.

Reference no: EM132953352

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