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Ray Of Light [21]
3 years ago
8

What is not typical of traditional costing systems?

Business
1 answer:
charle [14.2K]3 years ago
7 0

Answer: The options are given below:

A. Use of a single predetermined overhead rate.

B. Use of direct labor hours or direct labor cost to assign overhead.

C. Assumption of correlation between direct labor and incurrence of overhead cost.

D. Use of multiple cost drivers to allocate overhead.

The correct option is D.

Explanation: The traditional costing system refers to the allocation of factory overhead to products, and this is based on the total amount of production resources that have been consumed.

When using the traditional costing system, the overhead is usually applied based on either the total number of direct labor hours consumed or the total number of machine hours used.

The traditional costing systems treat overhead costs as a single pool of indirect costs. Traditional costing is optimal when indirect costs are low when in comparison with direct costs.

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When a "bubble" arises, asset prices are driven by:
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Answer:

d. shifts in market psychology and successive waves of irrational exuberance.

Explanation:

Bubble in respect to financial market means an unexpected and non-explainable reason. This although the economists believes arises because of the emotional attachment and effects on an asset. As for example: when an asset is made using the specific raw material which is discovered to be precious in the terms it is ancient then, automatically the price of the asset increases in the market.

Thus, this is nothing but a market psychology that is basically an effect of emotional concerns of individual mindset, which is irrational.

This theory is explain by Keynesian the economists.

7 0
3 years ago
"Uterine family" is the phrase Margery Wolf uses to describe the family a woman makes by having children though they are not off
AlekseyPX

Answer:

a. True

Explanation:

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The Uterine family implies the family description that shows the women have the children but they are not officially recorded as a members of the similar lineage

Therefore the given statement is true

3 0
3 years ago
Why are small businesses an important part of the American economy
sineoko [7]
Because small business actually do more and got more stuff going on
5 0
3 years ago
The intent of the offeror to extend an offer to the offeree is generally determined by reference to
MArishka [77]

Answer:

The words and conduct of the offeror.

Explanation:

3 0
2 years ago
Which ideas are supported by details or evidence from this passage?
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Answer:

C. Transportation in the Sacramento Valley underwent an evolution from necessity.

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i did it on Usatestprep

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