Using "Planned" Costs as a Basis for Making Decisions Rather

question 2

Multiple Choice

Using "planned" costs as a basis for making decisions rather than actual costs is known as:

• A) Absorption costing
• B) Marginal costing
• C) Variable costing
• D) Standard costing

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Definitions:

Breathing

The process of inhaling and exhaling air, facilitating the exchange of gases (oxygen and carbon dioxide) in the respiratory system.

Dead

A state of biological cessation where an organism no longer exhibits any signs of life or metabolic activity.

Necessary Condition

A condition that must be present for an event or entity to occur or exist.

Birthday

The anniversary of the day on which a person was born, typically celebrated as an annual event.