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In explaining cost behavior we refer to the 'level of activity' as cost driver. What do we mean by 'level of activity' and why is
- In explaining cost behavior we refer to the 'level of activity' as cost driver. What do we mean by 'level of activity' and why is it a cost driver? What role do drivers play in identifying cost behavior patterns?
- What types of cost drivers are use in conventional management accounting system when cost are classified as fixed or variable? What types of cost drivers are use in more recent approaches such as in activity-based costing
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