Describe the importance of cost behavior patterns in planning, control, and decision making.
6–1.     Describe the importance of cost behavior patterns in planning, control, and decision making.
6–2.     Define the following terms, and explain the relationship between them: (a) cost estimation, (b) cost behavior, and
(c) cost prediction.
6–3.     Suggest an appropriate activity base (or cost driver) for each of the following organizations: (a) hotel, (b) hospital,
(c) computer manufacturer, (d) computer sales store,
(e) computer repair service, and (f) public accounting firm.
6–4.     Draw a simple graph of each of the following types of cost behavior patterns: (a) variable, (b) step-variable, (c) fixed,
(d) step-fixed, (e) semivariable, and (f) curvilinear.
Answers
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Posted 18 May 2017 07:05 AM
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