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FIBA702 Budgeting And Control

tag 0 Download 2 Pages / 495 Words tag 16-10-2021

Question:

1.What does the term cost management mean? Who in the typical firm or organization is responsible for cost management? 
2.What is the difference between cost allocation and cost assignment?
3.Identify what are likely to be variable costs for an airline such as Southwest Airlines. Also, what are the fixed costs likely to be? ?
4.What is the best way to choose an appropriate cost driver when applying factory overhead?
5.Define relevant range and explain its use. Provide an example. ?
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