Topic 2 Production and NonProduction Costs © www.accountingclassroom.com A Resource for ACCA Exam Preparation Session Objectives Explain and illustrate production and nonproduction…

CHAPTER 2 QUIZ 1. Tanner Co. management desires cost information regarding their Rawhide brand. The Rawhide brand is a(n) a. cost object. b. cost driver. c. cost assignment.…

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Classification of cost 1. By the nature of the item (a natural classification). 2. With respect to the accounting period to which they apply. 3. By their tendency to vary…

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Slide 1Chapter 17 1 Slide 2 Gather information to determine the production cost per unit Help managers: set selling prices that will lead to profits compute cost of goods…