ACC 350 (ACC 350)

An actual cost is ________. Comparing budgeted costs to actual costs helps managers to improve ________. Budgeted costs are ________. Cost assignment ________. A cost system determines the cost of a cost object by ________. A cost object is anything for which a cost measurement is ……… Costs are ……for in two basic stages: assignment followed by accumulation. An actual cost is the cost …..a historical or past cost. Accountants define a cost as a resource to be …..to achieve a specifi...