QUIZ 1 BPK 30902

€�Working capital is a variable cost

The greatest potential for cost savings occurs in the operation phase of the life cycle

If the capacity of an operation is significantly changed (e.g., a manufacturing plant), the fixed costs will also change.

€�A noncash cost is a cash flow

Goods and services have utility because they have the power to satisfy human wants and needs

The demand for necessities is more inelastic than the demand for luxuries

€�Indirect costs can normally be allocated to a specific output or work activity

Overhead costs normally include all costs that are not direct costs

Standard costs per unit of output are established in advance of actual production or service delivery.

My BPK 30902 lecturer FOR SEM 2 2017/2018 is good looking​

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