Answer:
The costs incurred by the company is the same as the costs of good sold of the company-MNM&Co ,last year.
The costs of good sold=$830,556.01
Explanation:
The detailed computation is found in the excel file attached.
Answer: Option C : ACTIVITY-BASED COSTING
Explanation:
ACTIVITY-BASED COSTING is a type of costing that assigns indirect cost and overhead cost to related products and services. It shows the relationship between manufactured products and overhead tasks.
Other options like job order costing is only used when costs and production specification are not identical for product or customer but the direct cost of labour can be traced to the final product. Also
Process costing is deployed when a process is used to manufacture identical products and the direct material, direct labor, and manufacturing overhead cannot be easily or economically traced to a specific unit.
From the above it shows that the ACTIVITY-BASED COSTING is best used in this case from definition
Answer: Option A
Explanation: In simple words, reversal effect refers to the situation when due to announcement of some relevant news in the market the conditions prevailing changes drastically leading to worst values stocks performing better and vice versa.
The reversal effect is seen as a long term effect caused due to short term errors that happened in the past.