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Find which cost of a product can be measured

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Reference no: EM132746932

Problem 1: The cost of a product can be measured as any of the following except as cost

a. gathered from all areas of the value chain.

b. identified as period cost.

c. designated as manufacturing cost only.

d. explicitly defined by contract.

Problem 2: The primary focus of cost management is to

a. help managers make different decisions.

b. calculate product costs.

c. aid managers in budgeting.

d. distinguish between relevant and irrelevant information.

Reference no: EM132746932

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