Assume the cost system does not change. Cost Managment terminology:

What should a change in the reported unit cost (in either direction) of a particular product or service imply about the economic costs of that product or service?

Your response should be comprehensive (that is, it should apply to all situations) and define the terms you use.

Answer rating: 100% (QA)

When a change in the reported unit cost of a particular product or service occurs it implies that there has been a shift in the economic costs associated with producing that product or providing that ... View the full answer