1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-14-01-66 [18.8K]
3 years ago
7

A cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that caus

es the cost object to increase or decrease.
a.True
b. False
Business
1 answer:
blondinia [14]3 years ago
6 0

Answer:

The correct answer is True.

Explanation:

This statement, a cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that causes the cost object to increase or decrease, is correct.

These terms are mostly used in activity based costing (ABC) system.

Examples of Cost Object are material procurement costs, quality control costs, materal handling costs, line set up costs e.t.c.

Example of Cost drivers are number of purchase orders, number of inspections, numbers of set-ups e.t.c.

You might be interested in
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
4 years ago
Assume that direct material costs in beginning Work-in-Process Inventory is $500 and an additional $1,500 worth of materials is
Len [333]

Answer:

$4.00

Explanation:

Data provided:

Direct material costs in beginning Work-in-Process Inventory = $500

worth of materials is added during the month = $1,500

Equivalent units for direct materials = 500 units

Now,

the total cost incurred

= Direct material costs in beginning Work-in-Process Inventory + worth of materials is added during the month

= $500 + $1,500

= $2,000

Now,

The Cost per equivalent unit for direct materials

= \frac{\textup{Total cost incurred}}{\textup{Equivalent units for direct materials}}

The Cost per equivalent unit for direct materials  = \frac{2000}{500}

or

The Cost per equivalent unit for direct materials = $4.00

8 0
4 years ago
The Cash account of Gate City Security Systems reported a balance of 2400 at December 31​, 2018. There were outstanding checks t
olasank [31]

Answer:

Explanation:

gate City bank reconciliation statement as at December 31, 2018

Balance as per cash book                                 2400            

Direct payment to the bank (loan)        520            

Less bank charges                                   (30)                      

Add bank interest                                      20

Adjustment                                                              510

Adjusted cash book balance                                  2910

Balance as per bank statement                            3,810

Less outstanding check                            (1300)

Add deposit in transit                                   400

Adjustment                                                               (900)

Adjusted bank statement balance                          2,910    

8 0
3 years ago
Does the temporal difference learning of optimal utility values (U) require knowledge of the transition probability tables
zhuklara [117]

Answer:

No

Explanation:

Temporal difference or some times written as TD learning process may be defined as an approach to learning that describes how to predict a given  quantity which depends on the future values for a given signal.

TD or temporal difference learning does not require the knowledge of transition probability tables. It only requires the knowledge of state and action plan. It also does not require the knowledge of reward function.

8 0
3 years ago
Scientific management approach has lost its relevance. How might today's
Setler [38]

Answer:

syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance

6 0
3 years ago
Other questions:
  • The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,155 and current liabilities of $9
    11·1 answer
  • DFS Electronics Inc. ensures that all its products are highly durable and reliable by using techniques like zero-defect and lean
    6·1 answer
  • in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017. The company also repaid $776,200 of e
    11·1 answer
  • The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $29 $435 Aug. 7 Purchase 1
    9·1 answer
  • Copy equipment was acquired at the beginning of the year at a cost of $25,500 that has an estimated residual value of $2,300 and
    14·1 answer
  • What is the easiest type of business to set up?
    14·1 answer
  • Suppose Larry's Lariats produces lassos in a factory, and uses nine feet of rope to make each lasso. The rope is put into a mach
    10·1 answer
  • Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for o
    9·1 answer
  • In Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the required reserve/deposit ratio is
    8·1 answer
  • a 2-year treasury security currently earns 6.75 percent. over the next two years,the real interest rate is expected to be 3.18 p
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!