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fasttt 1) Which of the following items are included in the cost base under the absomtion approach to cost-plus pricing? A. Choice A B. Choice

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1) Which of the following items are included in the cost base under the absomtion approach to cost-plus pricing? A. Choice A B. Choice B C. Choice C D. Choice D 2) Which of the following costs are always irrelevant in decision making? A. avoidable costs B. sunk costs C. opportunity costs D. fixed costs 3) Manama Corporation manufactures five different products. All flve of these products must pass through a stamping machine in its fabrication department. This machine is Manama's constrained resource. Manama would make the most profit if it produces the product that: A. uses the least amount of stamping time. B. generates the highest contribution margin per unit. C. generates the highest contribution margin ratio. D. generates the highest contribution margin per stamping machine hour. 4) Demand for a product is said to be elastic if a change in price ha5: A. no effect on the volume of units sold. B. substantial effect on the volume of units sold. C. little effect on the volume of units sold. D. little effect on the volume of units produced

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