Cost classification used in costing include: (i) period costs (11) product costs (111) variable costs (iv) opportunity

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Cost classification used in costing include:

(i) period costs

(11) product costs

(111) variable costs

(iv) opportunity costs Required:

Explain each of these classifications, with examples of the types of costs that may be included.

(17 marks)

ACCA Level I Costing Po LO1

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Cost And Management Accounting An Introduction

ISBN: 9781861529053

5th Edition

Authors: Colin Drury

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Question Posted: Jun 28, 2024 01:11 AM

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Cost classification used in costing include: (i) period costs (11) product costs (111) variable costs (iv) opportunity

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Cost And Management Accounting An Introduction

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