In Assessing the Costs and Benefits of Using a Particular

question 5

Multiple Choice

In assessing the costs and benefits of using a particular cost driver, which of the following must be taken into account?
i. The availability of cost data.
ii. The time frame for analysing the cost behaviour.
iii. Whether it is a fixed or variable cost.

• A) i
• B) ii
• C) i and ii
• D) i and iii

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Definitions:

Claim Letter

A formal letter written to demand a correction or a payment due to unsatisfactory products or services received.

Persuasive Technique

A method or approach used to convince or influence someone to agree with a viewpoint, make a decision, or take action by appealing to logic, emotions, or ethics.

On-site

Located or taking place at a particular site or location, often in relation to work or an event.

Employee Exercise Room

A designated area within a workplace equipped with fitness facilities for employees' use, aiming to promote health and well-being.