1. What is meant by "product costing accuracy"?
2. What is a cost object? Give some examples.
3. What is an activity? Give some examples of activ- ities within a manufacturing firm.
4. What is a direct cost? An indirect cost?
5. What does traceability mean? What is tracing?
6. What is allocation?
7. What are drivers? Give an example of a driver.
8. Explain the difference between direct tracing and driver tracing.
9. Explain how driver tracing works.
10. What is a tangible product?
11. What is a service?
12. Explain how services differ from tangible products.