Which of the Following Is Not a Valid Method for Determining

question 64

Multiple Choice

Which of the following is not a valid method for determining product cost?

• A)arbitrary assignment
• B)direct measurement
• C)systematic allocation
• D)cost-benefit measurement

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Definitions:

Producing

The process of creating goods or services to be offered for sale, involving the combination of various resources.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits missed out on.

Tacos

A traditional Mexican dish consisting of a corn or wheat tortilla folded or rolled around a filling, such as beef, pork, chicken, or beans.

Burrito

A Mexican dish consisting of a rolled tortilla filled with various ingredients, typically including beans, cheese, meats, and vegetables.