urses / BUSS 104-5-20202 / EXAMS / Third ExamPre-determined costs are future costs which areascertained in advance of production on the basis of aspecification of all the factors affecting cost. Thesecosts are extensively used for the purpose of planningand control.Select one:O TrueO FalseNext page

Pre - Determined Cost: Predetermined price implies that estimation that is made by a manufacturing…

Answered: Pre-determined costs are future costs…

Pre-determined costs are future costs ascertained in advance of production specification of all the factors affecting costs are extensively used for the purp and control. Select one: O True

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 5EB: Identify appropriate cost drivers for these cost pools: A. material cost pool B. machine cost pooi...

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urses / BUSS 104-5-20202 / EXAMS / Third Exam
Pre-determined costs are future costs which are
ascertained in advance of production on the basis of a
specification of all the factors affecting cost. These
costs are extensively used for the purpose of planning
and control.
Select one:
O True
O False
Next page

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