ACC206 Email: bbcnoun@gmail.com Whatsapp: 08131667008 Acc206 TMA 2 Q1 Fixed costs can further be classified into committed and discretionary fixed costs Q2 Fixed costs are sometimes referred to as period costs Q3 In some circumstances, variable costs are classified into discretionary and engineered Q4 WAM means Weighted average method Q5 Relevant costs are costs that are necessary for managerial decision making Q6 Raw materials, WIP and finished goods are parts of materials also referred to as stock/inventory Q7 Avoidable costs are also referred to as escapable costs Q8  The method used to determine the value of finished goods is referred to as… costing technique Q9 In organization for overhead control, production cost can be part of ….. overhead Q10 Retail method of valuing stock is part of none of the above Email: bbcnoun@gmail.com Whatsapp: 08131667008