When developing cost functions, which of the following statements is FALSE? O A. Personal observations of...
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When developing cost functions, which of the following statements is FALSE? O A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and its cost driver. O B. The cost function does not have to be plausible. O-C. The cost function must be believable. O D. The cost function should explain past cost behavior. When developing cost functions, which of the following statements is FALSE? O A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and its cost driver. O B. The cost function does not have to be plausible. O-C. The cost function must be believable. O D. The cost function should explain past cost behavior.
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Answer Correct Option B The cost function does not have to be Plausib... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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