Cost Accumulation Is Used To

question 150

Multiple Choice

Cost accumulation is used to:

• A) Determine the cost of a particular cost object.
• B) Identify and estimate opportunity costs.
• C) Identify fixed and variable costs.
• D) Set the selling price for a service.

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Definitions:

TPI

Threads Per Inch; a measure of the fineness of threads in screws, bolts, and other threaded fasteners, indicating how many threads exist in a one-inch length.

Light Angle Iron

A piece of iron or steel formed into a 90-degree angle that is lightweight and used in construction or manufacturing for bracing or framing.

Hacksaw Blade

A thin, toothed blade used in a hacksaw for cutting metal, plastic, or other materials through a back-and-forth motion.

Hammer Handle

The handle or grip part of a hammer, designed for the user to hold and swing the tool.