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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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Correct/Complete Question:

Broker Needa leaves for vacation. In his absence, associate Wanna will be handling the escrow accounts. If Wanna errors with the accounting procedures:

A. Broker Needa's license will be revoked

B. Broker Needa's vacation may be permanent as he is ultimately responsible

C. The Commission will excuse Needa and Wanna; everyone needs a vacation

D. Broker Wanna's solely responsible for her actions

Answer:

B. Broker Needa's vacation may be permanent as he is ultimately responsible

Explanation:

Since Broker Needa is the employer of Wanna, he is ultimately responsible for the errors as the assistant works under his license. Brokers are always responsible for agents under their license.

I hope this helps.

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3 years ago
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Answer is in the file below

tinyurl.com/wtjfavyw

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3 years ago
What are three options for creating a meeting in the Meeting window subject of the meeting, location, or timing location, whom t
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<h2>timing location, whom to send the request to</h2>

Explanation:

To create a meeting, the essential information are

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3 years ago
Value consists of: a. a product's performance characteristics and attributes for which customers are willing to pay. b. a produc
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Answer:

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Explanation:

Only customers can assign value to a product. A manufacturer can set a product's price, but if the customers do not accept that price and assign a lower value to the product, then they will not purchase it. This applies to every single market situation (except for command economies) including monopolies, free markets, monopolistic competition, etc. Customers value a product depending on its performance characteristics and attributes, e.g. sports cars are value for being fast, Volvos for being safe, compared to other similar products. Customers do not value unique one of a kind characteristics, they value relative characteristics, i.e. the best product has a higher value.

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3 years ago
Is a flat tax a proportional tax? a. Yes c. It depends on the level of income. b. No d. Only if it adds value to the products at
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Answer:

a. Yes

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