Multiple Choice
Using average product cost for a value stream means that individual product costs are not known.Why is this adequate?
A) Waste cannot be eliminated at the activity and process level.
B) A fully accurate product cost is not needed for many decisions.
C) Budget costing variances may actually impede improvement decisions.
D) Detailed variances by department are not needed to eliminate waste.
Correct Answer:

Verified
Correct Answer:
Verified
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