1. Cost of production - Aggregate of price paid for the factors used in producing a commodity. Cost concepts : 1. Used for accounting purposes. 2. Analytical, used in economic…
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Slide 1 20-1 Copyright Houghton Mifflin Company. All rights reserved. Chapter 20 Cost-Volume-Profit Analysis and Variable Costing Belverd E. Needles, Jr. Marian Powers…