Required:

Complete the sentences given below.

include$($shproduct recalls, warranty costs, and legal fees.

involves analyzing the functionality of a product to determine which functions add value to the customer and then

finding ways to deliver those functions while meeting the target cost.

In a volume$-$based cost system, the

varies in direct relation to volume.

activities include research and development and product testing.

This stage of ABC is assigning indirect costs to activity pools with the goal to create as few pools as possible:

Dividing the activity demands of each individual product by the total quantity of the cost driver results in a$(n)$

$10$

cost systems tend to undercost lowvolume, customized, or complex products.