Answer: b. Inspection time
Explanation: Overhead allocation is required under the rules of various accounting frameworks and is defined as the apportionment of indirect costs (costs used by multiple activities which cannot be assigned to specific cost objects) to produced goods. Overhead allocation is quite significant because often times, it is substantially greater than the direct cost of goods.
The time spent for inspection which is vital to controlling quality, reducing manufacturing costs, eliminating losses and assigning causes of defective work etc. would be the most accurate measure of activity to use for allocating the costs of inspecting finished products as it is included in manufacturing overhead.
C. Marginal Cost
Marginal cost is the <em>additional </em>cost to produce each unit of a good.
Answer:
d.
Explanation:
Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.
Answer:
b. Maturity
Explanation:
In the stage of the produc life cycle at the maturity state the garner should accept from the consumer also the profit should fall plus the growth in sales should begins to slow down. also the marketing revamp is significant in order to protect the production from the competition arise in the market via the rival products
So as per the given situation, the option b is correct
