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State the two ways that variable costs may be defined

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Reference no: EM13889274

1. (a) What is cost behavior analysis?

(b) Why is cost behavior analysis important to management?

2. (a) Scott Winter asks your help in understanding the term "activity index." Explain the meaning and importance of this term for Scott.

(b) State the two ways that variable costs may be defined.

Reference no: EM13889274

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