Based on how each product consumes activities, activity-based costing allocates selling and administrative expenses. Hence, Option D is the correct statement.
<h3>What do you understand by Activity-based costing?</h3>
A costing technique that identifies activities in an organization and assigns the cost of every activity to all services and products in line with the real consumption via way of means of each is referred to as Activity-based costing.
This version of the costing technique assigns greater indirect costs into direct fees as compared to traditional costing.
Hence, Based on how each product consumes activities, Activity-based costing allocates selling and administrative expenses. Option D is the correct statement.
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Answer: Determining that the study has a maximization of benefits and a minimization of risks.
Explanation: The beneficence principle is an ethical principle that a care giver's actions should be of good reasoning. This principle is used to make sure that those who care of human subjects, are treated by doing what they truly believe is best for the patient.
Variable cost refers to the costs of production that fluctuate depending on the number of units produced.
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Explanation:</u></h3>
The cost of any product that changes based on the quantity of goods that are produced. The volume that is produced decides the fluctuations in the variable cost. Fixed cost is the cost that will not change based on the number of units of the goods that is produced. Rent of a building can be considered as a fixed cost.
Example for variable cost may be raw materials cost, packaging cost,etc. Variable cost can be calculated by adding up the cost of labor and raw materials that are used in the production of one unit of a good. The total variable cost can be calculated by multiplying variable cost per unit with the number of units produced.
Answer:
The correct answer is letter "A": the price level and real GDP.
Explanation:
The model of short-run economic fluctuations is a method that measures the changes in the output level of an economy. According to this model, the increase in money supply increases production which causes prices to decrease. It considers two variables: <em>the average level of prices </em>and <em>the production of the economy based on the real Gross Domestic Product (GDP)</em>.
Answer:
The correct word for the blank space is: interpreting.
Explanation:
Philosophy professor John Chaffee in his book "<em>Thinking Critically</em>" (1985) defines concepts as general ideas individuals use to recognize and organize experiences. According to Chaffe we from concepts by generalizing which implies focusing on common properties of a group of objects and by interpreting which implies considering different samples related to the concept to find out if they fulfill its definition.
Chaffee stated that concepts cannot be formed if the individuals do not know how to apply them and examples cannot be gathered if people do not know what those are examples of.
