(a) The terms cost behaviour and analysis of total cost are regularly used in cost accounting to...

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(a) The terms cost behaviour and analysis of total cost are regularly used in cost accounting to classify costs. Distinguish between the two terms.

(b) Explain how the following costs will:

(i) Behave;

(ii) Be analysed.

Factory power and lighting
Production line workers’ wages
Sales manager’s salary
Office rent.

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Frank Woods Business Accounting Volume 2

ISBN: 9780273693109

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 06:04 AM

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(a) The terms cost behaviour and analysis of total cost are regularly used in cost accounting to...

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a Distinguishing between Cost Behavior and Analysis of Total Cost Cost Behavior Cost behavior refers to how costs change in response to variations in activity levels within an organization It is about ...View the full answer

Frank Woods Business Accounting Volume 2

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