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1.) What is the difference of cost pool, cost driver and cost object? 2.) What makes direct cost different from indirect cost? 3.) What

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1.) What is the difference of cost pool, cost driver and cost object? 2.) What makes direct cost different from indirect cost? 3.) What makes variable overhead different from fixed overhead? 4.) Why is it important to separate the variable and fixed cost component for mixed costs? 5.) What is the difference of differential cost and opportunity cost? 6.) Why is it important to evaluate the correlation of the Cost Driver to the Total Cost?

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1 Cost Pool Cost Driver and Cost Object Cost Pool A cost pool is a collection or grouping of similar costs These costs are accumulated together for the purpose of allocation or assignment to cost obje... blur-text-image

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