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QUESTION 1 Which of the following correctly describes the term cost driver? a. the inflation rate that causes costs to rise O b. the average

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QUESTION 1 Which of the following correctly describes the term cost driver? a. the inflation rate that causes costs to rise O b. the average inventory costs incurred at any point of time c. the primary factor that causes a cost to be incurred d. the total material, labor, and overhead costs of a completed job QUESTION 2 The amount of accumulated depreciation for the budgeted balance sheet can be obtained from the a. cash budget b. the prior balance sheet c. cash payments for selling and administrative expense budget d. financial budget sheet

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