The Steps and Cycles in the Value Chain Are Most

question 40

Multiple Choice

The steps and cycles in the value chain are most closely associated with which balanced scorecard perspective?

• A) Financial
• B) Customer
• C) Internal business process
• D) Learning and growth

Understand the process and significance of preparing a cost of goods sold budget.

Understand the composition of product costs under variable costing.

Identify which costs are included in the cost of products manufactured under the absorption costing concept.

Distinguish between variable and absorption costing in the treatment of fixed and variable costs.