A business "value chain" uses links made of precious metals. is the sequence of business functions in which customer usefulness is added to products or services? applies only to manufacturing companies. is not relevant in today's cost accounting environment. Galway Co. management desires cost information regarding its Celtic product line. In this case, the Celtic product line, then, would be a(n) cost object. cost driver. product line likely to be axed. actual cost. What is the most probable total fixed cost, for 2015, of the shipping department of Elaine Co. if it has the following data for 2015? $1, 050,000 $1, 950,000 $850,000 $250,000 The three categories of inventories commonly found in many manufacturing companies are: direct materials, direct labor, and indirect manufacturing costs. ABC. direct materials, work-in-process, and finished goods. LIFO, FIFO, and weighted average. Which of the following is not an assumption of cost-volume-profit analysis? The time value of money is incorporated in the analysis. Costs can be classified into variable and fixed components. The behavior of revenues is portrayed as linear over the relevant range. The behavior of costs is portrayed as linear over the relevant range