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3 years ago

LO 6.3What are the primary differences between traditional and activity-based costing?

Business

1 answer:

gtnhenbr [62]3 years ago

7 0

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

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Answer:

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True or False: Although price searchers can set their prices, the prices they can set are still affected by market conditions. T

RideAnS [48]

Although price searchers can set their prices for products, the prices they can set are however, still affected by market conditions: True.

<h3>What is price?</h3>

Price refers to the amount of money that is set by a seller and must be paid by a buyer (customer) to the seller (producer), so as to enable the acquisition of these goods or services.

Although price searchers can set their prices for the goods (products) they sell or service they render, the prices they can set are however, still affected by various market conditions such as:

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2 years ago

If their gross income exceeds $600,

nataly862011 [7]

If Estates are required to file income tax returns if their gross income exceeds $600 and all corporations must file regardless of income. This is called <u> Tax filing requirements.</u>

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<h3>What is Tax filing requirements?</h3>

Tax filing requirements can be defined as the requirement a person or a tax payer is expected to meet or abide by while filing for tax return.

Tax payer must always check tax filing requirement in order to know whether they meet the requirement before filling for a tax return.

Therefore this is called <u> Tax filing requirements.</u>

The complete question is:

Estates are required to file income tax returns if their gross income exceeds $600. All corporations must file regardless of income.

Learn more about Tax filing requirements here:brainly.com/question/14748046

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2 years ago