Recall That Managers Use a Cost System to Determine the Costs

question 1

Essay

Recall that managers use a cost system to determine the costs of various cost objects.List and discuss how managers use the two basic stages in this process to determine the cost.

---

Definitions:

Contact Metamorphism

Metamorphism resulting from heat and pressure in rocks when they are invaded by magma.

Unconformity

An interface between distinct groups of strata that shows a phase of erosion or no sediment accumulation.

Desert Varnish

A thin, dark film or coating of iron and manganese oxides, silica, and other materials; formed by prolonged exposure at the surface; synonym rock varnish.

Desert Pavement

A natural concentration of pebbles and other rock fragments that mantle a desert surface of low relief.