Using Average Product Cost for a Value Stream Means That

question 73

Multiple Choice

Using average product cost for a value stream means that individual product costs are not known.This is adequate mainly because

• A) waste can be eliminated at the activity and process level without knowing product costs.
• B) a fully accurate product cost is not needed for many decisions.
• C) standard costing variances may actually impede improvement decisions.
• D) all of these.

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