Which of the following statements best describe Product Cost by Period? Note: There are 2 correct answers to this question.
A . It is used when periodic costs outweigh daily postings.
B. It is used to analyze work in process (WIP) based on actual costs.
C. It is used when the focus of controlling is on a stable and continuous production process.
D. It is used in conjunction with a product cost collector.
Answer: C,D
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