Science · Cost Analysis Methods
In the steps of library cost analysis (Virgo's Total Cost Approach), arrange the following activities in their correct sequence: (i) Multiply time data by salary and benefits received (ii) Determine the average unit cost per unit of measurement (iii) Identify cost centres and sub-cost centres (iv) Allocate indirect costs to programme cost centres
- 1(iii) → (i) → (iv) → (ii)✓
- 2(i) → (iii) → (ii) → (iv)
- 3(iii) → (iv) → (i) → (ii)
- 4(ii) → (iii) → (i) → (iv)
Correct answer
(iii) → (i) → (iv) → (ii)
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