a. $ 50,000
b. $ 62,500
c. $ 7.50
d. $ 75,000
14. The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called ________.
a. account analysis b. product analysis c. cost analysis d. activity analysis
15. A disadvantage of engineering analysis which is used to estimate cost functions is ________.
a. it is a costly process b. it is not acceptable under Generally Accepted Accounting Principles c. it cannot be used with mixed costs d. it fails to produce a cost function