Question
1. Differentiate the fixed costs and variable costs. 2. What is the difference between the step-fixed costs and step-variable costs? 3. Explain the three different
1. Differentiate the fixed costs and variable costs.
2. What is the difference between the step-fixed costs and step-variable costs?
3. Explain the three different methods in separating mixed costs, what are their advantages and disadvantages?
- High-low
- Scattergraph
- Least-squares
4. What are prime costs and what are conversion costs?
5. How do you get total manufacturing costs?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
