ACC 406 Chapter 2: CHapter 2

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These notes are posted on blackboard to high light and complement certain aspects of the topic, facilitate those students who may have missed my lecture, balance traditional with internet based learning and overall enhance students learning. The notes are not meant to suggest what may be in the exams, replace coming to class, textbook studying and/or problem solving. Overview this chapter presents a discussion on how costs change as levels of an organization"s activities change, cost measurement, cost functions, and the methods for measuring cost functions are presented. Engineering analysis, account analysis, the high-low, visual fit, and least- squares methods are explained and illustrations are provided. Accountants and managers assume that cost behaviour is linear over some relevant range of activities or change in cost drivers. Behaviour - graphed with a straight line when a cost changes proportionately with changes in a single cost driver.

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