Asked by karter lector on Jul 03, 2024
Verified
Costs that can be significantly influenced by a particular manager are:
A) product costs.
B) period costs.
C) controllable costs.
D) administrative costs.
Controllable Costs
Expenses that a manager or business unit has the authority to influence or change in the short term.
Product Costs
Costs that are directly associated with the manufacturing of goods including materials, labor, and overhead.
Administrative Costs
Expenses related to the management and general operations of a business, including salaries of senior executives, legal and accounting services.
- Understand the concept of controllable costs and the managerial influence on cost management.
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Learning Objectives
- Understand the concept of controllable costs and the managerial influence on cost management.
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