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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 331 |
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Costs are expenditures for raw materials, worker's wages, manufacturing over head and so forth. Costs are what you spend when you buy or make products for inventory. Reviewing cost behavior reveals to management how a cost will react or respond to changes in the level of business activity. As the activity rises and falls, a particular cost may rise and fall as well (Garrison & Noreen, 2000)...
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Costs are expenditures for raw materials, worker's wages, manufacturing over head and so forth. Costs are what you spend when you buy or make products for inventory. Reviewing cost behavior reveals to management how a cost will react or respond to changes in the level of business activity. As the activity rises and falls, a particular cost may rise and fall as well (Garrison & Noreen, 2000)...
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