Cost 5 - Death spiral B. A phenomenon that begins by...

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Match definitions below: Answer Question Correct Match Activity-based costing E. A two-stage product costing method that first assigns costs to activities and then allocates them to products based on the each product’s consumption of activities. Cost driver F. Any factor that causes, or “drives,” an activity’s costs. Cost hierarchy A. Represents a classification of cost drivers into general levels of activity, volume, batch, product, etc.
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Unformatted text preview: Death spiral B. A phenomenon that begins by attempting to increase price to meet higher reported product costs, losing demand, reporting still higher costs, and so on until the firm is pricing itself out of business. Department allocation method D. Uses a separate cost pool for each department. Plant-wide allocation method C. An allocation method that uses one cost pool (of indirect costs) for the entire plant...
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This note was uploaded on 11/22/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

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