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The Steps Involved in Determining the Full Cost of a Cost

Question 51

Multiple Choice

The steps involved in determining the full cost of a cost object are listed below (in no particular order) .
A . determine the indirect cost rate for each cost driver
B . identify the cost object
C . identify cost pools and cost drivers
D . allocate indirect costs to the cost object

The correct order for carrying out these steps is:


A) C, B, D, A.
B) A, B, C, D.
C) B, C, A, D.
D) D, C, B, A.

Correct Answer:

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