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What is meant by a cost hierarchy in ABC

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Reference no: EM132936873

Question - ABC Cost hierarchy; uncertaintiesIn ABC systems, activities are often separated into a hierarchy of categories.

a) In your own words, explain what is meant by a cost hierarchy in ABC.

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

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

Reference no: EM132936873

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