The Three Most Common Cost Behavior Classifications Are

question 197

Multiple Choice

The three most common cost behavior classifications are

• A) variable costs, product costs, and sunk costs
• B) fixed costs, variable costs, and mixed costs
• C) variable costs, period costs, and differential costs
• D) variable costs, sunk costs, and opportunity costs

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Definitions:

Automated Data Collection

The use of technology tools like scanners, barcodes, and software to collect data automatically.

Industrial Robot

A programmable mechanical device that is used in manufacturing to perform a variety of tasks such as welding, painting, assembly, and product inspection, enhancing efficiency and precision.

Unit Load Formation

The process of efficiently grouping individual items into larger, more manageable quantities or packages for easier handling and transportation.