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Fully absorbed costs. Production constraints. Sales-mix costs. Revenue forecasts. Joint manufacturing costs.

Question 3. Question: All the following are characteristic of relevant costs except:

Student Answer: They are generally variable. They are not committed. They are different in amount for different options. They are costs that will be incurred in the future. They are inventory-related costs. UNIT 4 QUIZ

Question 4. Question: Which of the following statements regarding " opportunity costs "

is TRUE? Student Answer: These costs are recorded routinely by cost accounting systems.

Fully absorbed costs. Production constraints. Sales-mix costs. Revenue forecasts. Joint manufacturing costs.

Question 3. Question: All the following are characteristic of relevant costs except:

Student Answer: They are generally variable. They are not committed. They are different in amount for different options. They are costs that will be incurred in the future. They are inventory-related costs. UNIT 4 QUIZ

Question 4. Question: Which of the following statements regarding " opportunity costs "

is TRUE? Student Answer: These costs are recorded routinely by cost accounting systems.