Cost classifications used in costing include: (i) Period costs; (ii) Product costs; (iii) Variable costs; (iv) Opportunity

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Cost classifications used in costing include:
(i) Period costs;
(ii) Product costs;
(iii) Variable costs;
(iv) Opportunity costs.

Required:
Explain each of these classifications, with examples of the types of cost that may be included.

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Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

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Question Posted: Feb 07, 2020 10:04 AM

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Cost classifications used in costing include: (i) Period costs; (ii) Product costs; (iii) Variable costs; (iv) Opportunity

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Cost classifications used in costing include i Period costs are directly related to the time period ...View the full answer

Management and Cost Accounting

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