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Define Full Cost

Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.

   Related Questions in Managerial Accounting

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    Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.

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    Normal 0 false false

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  • Q : Changing responsibilities of the

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