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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 .