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Using Average Product Cost for a Value Stream Means That

Question 52

Multiple Choice

Using average product cost for a value stream means that individual product costs are not known.This is adequate mainly because


A) waste can be eliminated at the activity and process level without knowing product costs.
B) a fully accurate product cost is not needed for many decisions.
C) standard costing variances may actually impede improvement decisions.
D) all of these.

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