Answer:
The description would be presented downwards and as per the circumstance presented.
Explanation:
- Instead of assigning resources associated with a specific frequency, activity based costs which always track costs on the basis seem to be an essential component of cost accounting because that would be a more effective means for providing resources.
- The costs when implementing some activity based accounting systems, furthermore, are even less than the potential advantages of moving towards this framework only then would it have been simpler as well as productive for the growing company ABC.
- Throughout the case situation, the claim whether direct labor constitutes a member of a minority fraction of the overall wages should not be an excellent explanation for either not apportioning production wages contingent on the operation, but if the organization determines that the expense of someone using ABC to assign labor profitability of different practices is greater than advantages, the organization increasing turn to something like an optimization model for that frequency.
Answer:
4. Fiscal year
Explanation:
Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.
Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.
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<span>In a periodic inventory system, the quantity of ending inventory is determined by: a physical inventory count. Periodic inventory is an inventory system which records supplies periodically. This makes less hassle to the one doing the inventory since it does not require to take an effort much in tallying unlike in the perpetual inventory system</span>
Answer:
1. X1=884-19.18
X2=884+19.18
2. It is unreasonable to conclude the population mean is $350
Explanation:
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