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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What is a driver? Give an example of a cost and its corresponding output measure or driver.

To determine

Explain the term driver in cost. Also, illustrate an example of a cost and its corresponding driver.

Explanation

Driver:

The factor, which is responsible for changes in the cost of an activity, is known as driver. These drivers affect the profitability of an organization directly.

For example, total cost of production includes labor cost, which is calculated on the basis of labor hours worked...

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