Hi, I have test of managerial accounting
I have the following questions
1- In a corporate setting, property taxes are an example of a(n) ________.
A.committed fixed cost B.mixed cost C.engineering cost D. discretionary fixed cost
2- A cause and effect relationship between a ________ and a ________ is desirable in order to obtain accurate and useful cost functions.
A.cost function; resource cost B.cost driver; resource cost C.step cost; capacity cost D. cost driver; cost function
3- The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called ________. A. account analysis B. cost analysis C. product analysis D. activity analysis