Answer:
Difference between traditional costing method and activity based costing method is mentioned as follows:-
- Traditional costing method is the technique in which products are implemented with indirect cost according to overhead rate whereas activity based costing relatively assign cost to product according to their activity in consumption.
- Traditional costing has easy implementation at low cost but activity based costing is costly and complex.
- Accuracy of traditional costing is low as compared with activity based costing
Answer:
A) the ratio of output to the number of workers used to produce that output.
Explanation:
As per definition, the average product of labor = Total Output/Number of workers employed
.
All the other choice involve the change in total cost/revenue/output which means it will be Marginal and not average.
The correct answer is:
"Search Network only"
Explanation and more answers: <span>https://goo.gl/QaLSjG</span>
Answer:
$77,400
Explanation:
Lee's ratio = $274,500 / ($183,000 + $152,500+ $274,500)
Lee's ratio = $274,500 / $610,000
Lee's ratio = 0.45
Lee's ratio = 45%
Lee's ratio = Lee's profit ratio
If the partnership reports income of $172,000.
Lee's income will be = 45%*$172,000 = $77,400
Thus, the amount of income to be credited to Lee's capital account is $77,400
