Answer:
The correct answer is B.
Explanation:
Giving the following information:
Determine which costing method (variable costing or absorption costing) accounts for fixed manufacturing costs as costs of the period:
a. at the time of incurrence,
b. at the time the finished units to which the fixed overhead relates are sold.
Absorption costing allocated fixed manufacturing costs to the product. Therefore, the fixed costs go to the cost of goods sold.
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Answer:
The correct answer is option A.
Explanation:
According to the mainstream business cycle theory, the potential GDP grows at a steady rate while the aggregate demand grows at a fluctuating rate. The money wage rate is considered to be sticky.
So when aggregate demand increases more than the potential GDP, the supply is not able to increase as much as demand. This creates an inflationary gap in the economy.
Answer:
The precedence diagramming method depicts relationships between activities.
Explanation:
Some of its popular applications include: - This approach is used to create network diagrams for project schedules such as critical path, critical chain, and so on. Relationships between activities are depicted using the precedence diagramming method.
