BUS MISS Flashcards
1
Q
What does variable costing include?
A
- AKA Direct costing includes only variable costing in inventory
2
Q
- Control Activities relate to?
* What is residual risk?
A
- Risk response
* Risk incurred after management takes necessary actions to mitigate adverse impact of a given event
3
Q
- What is a fixed cost
* What is a variable cost
A
- Fixed in cost variable in unit
* Variable in cost fixed per unit
