actors affecting the classification of a cost as direct or indirect include: OA. cost behaviour patterns, cost drivers, and relevant ranges. B. materiality of the cost, available information-gathering technology, and design of operations C. materials, labour, and factory overhead D. unit costs, inventory production stage, and contractual agreements.

actors affecting the classification of a cost as direct or indirect include: OA. cost behaviour patterns, cost drivers, and relevant ranges. B. materiality of the cost, available information-gathering technology, and design of operations C. materials, labour, and factory overhead D. unit costs, inventory production stage, and contractual agreements.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Factors affecting the classification of a cost as direct or indirect include:
A. cost behaviour patterns, cost drivers, and relevant ranges.
B. materiality of the cost, available information-gathering technology, and design of operations.
C. materials, labour, and factory overhead
D. unit costs, inventory production stage, and contractual agreements.

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