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Chapter 5

Chapter 5 BU247.docx

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Department
Business
Course
BU247
Professor
Greg Clark
Semester
Winter

Description
BU247 Chapter 5 – Activity-Based Cost Systems Week 5 Traditional Manufacturing Costing Systems -Product costing systems are important because product volume and mix explain a large percentage of the costs that companies incur -If companies want to influence their costs, they must understand the relationship between the volume and mix of the products they produce and the expenses they incur -Product costing systems start by assigning direct labour and direct materials costs to products -Cost accountants perform the following calculations: 1. Calculate the cost per unit of each material used by a product and the cost per hour of each type of direct
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