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We can classify costs as (1) fixed vs. variable, (2) direct vs. indirect, and (3) product vs. period. A cost can be classified in more
We can classify costs as (1) fixed vs. variable, (2) direct vs. indirect, and (3) product vs. period. A cost can be classified in more than one way, depending on the purpose for which the cost is being determined. These classifications help us understand cost patterns, analyze performance, and plan operations
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
