Activity-based costing is a technique for allocating overhead expenses in which the most appropriate cost driver is used for each individual activity.
While,
Traditional costing is a costing method that divides overhead expenses based on a single cost driver and the amount of production resources that are consumed.
Basic Differences Between them:
- Main focus: The allocation of overhead expenses to the production activities is the main emphasis of traditional costing. Though it uses a distinct methodology, activity-based costing is also utilised for cost allocation.
- Application: The constant and variable overheads in the traditional costing approach are easily separated into fixed and variable costs, and there is just one cost driver set for all activities. The implementation of activity-based costing is challenging because it requires selecting an appropriate basis for absorbing overheads, which is a challenging and time-consuming process.
Long-term business process improvement comes from activity-based costing. This is due to the fact that management of a company must thoroughly evaluate manufacturing operations and associated expenditures. This emphasises the causes of some expenditures, which can ultimately aid in managing and controlling them. It is challenging for management to collect additional data on production activities since traditional costing does not force management to search for various cost centres.
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The answer is A., because the IRS deal with taxes :)
Answer:
supply curve for electric and hybrid autos will shift rightward.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
In this scenario, the battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the supply curve for electric and hybrid autos will shift rightward i.e it would increase.
In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price).
Answer:
D) Both retained earnings and stockholders' equity will be reduced by $10,000 .
Explanation:
Dividend paid is usually deducted from the retained earnings. The retained earnings is the accumulated balance in the company's net income/loss over time shown in the balance sheet as a part of the owners equity.
The other part being the common stock.
Hence when dividend is paid, the retained earnings reduces and so does the shareholder's equity.
He may be over qualified so they dont think he'll stay long, or he may have had past money problems meening he wouldnt be trust worthey anoth.
hope that helps :)