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MIDTERM EXAMINATION
TEST I. DISCUSSION
1. Define and discuss cost behavior. (20 points)
2. What are the three (3) importance of cost behavior? (20 points)
3. What are the three (3) types of cost behavior patterns? Discuss each. (20 points)
4. What are the three (3) types of fixed costs discuss each with examples. (20
points)
5. Give the summary of strengths and weaknesses of cost estimation methods.
Discuss each. (20 pts)