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Compare and contrast prime and conversion costs.

(TCO A) Compare and contrast prime and conversion costs. Give three examples of each.

(TCO B) Describe cost-volume-profit analysis. What is sensitivity analysis and what questions does it answer in CVP analysis?

(TCO C) Describe the seven steps in job costing. Which step do you think is most important?

(TCO D) Compare and contrast job costing and process costing and give two examples of each. What is the weighted average process-costing method and when would it be used?


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