Question: Explain what it is and how it differs from Job costing. Explain why true product costs have only a minor importance in final market price

Explain what it is and how it differs from Job costing.

Explain why true product costs have only a minor importance in final market price determination.

Define and give an example of a cost object, activity and resources.

Define cost driver and give 4 examples of activity cost pools and an appropriate cost driver for each.

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