Cost classifications used in costing include: (a) Period or time related costs (b) Product costs (c) Variable

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Cost classifications used in costing include:

(a) Period or time related costs

(b) Product costs

(c) Variable costs

(d) Opportunity costs Required:

Explain each of these definitions with examples of types of costs that may be included.

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Cost Accounting

ISBN: 9780434908325

2nd Edition

Authors: Mark Lee Inman

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