All categories

3 years ago

Which of the following statements is true of an activity-based costing system?

Business

1 answer:

eimsori [14]3 years ago

7 0

Answer:

The correct answer is A. It uses separate predetermined overhead allocation rates for each activity.

Explanation:

he ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.

You might be interested in

Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best

CaHeK987 [17]

Answer:

Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best

described as an Executive Administrative Assistant

Liz responds to people who contact a company. She deals with people who visit the office in person and people who

call or email the company. Her job title is best described as a Receptionist

Neil handles important paperwork that his office needs to keep track of. He sorts paperwork and keeps it handy so he

can retrieve information whenever it is needed. His job title is best described as a File Clerk.

Salvador organizes information and appointments for a department manager. He also reviews and sorts e-mail for his

boss. His job title is best described as an Administrative Assistant.

Explanation:

The administrative assistants, receptionists, and file clerks perform important functions. In their various capacities and roles, they help their bosses to function more efficiently and effectively by relieving them of routine tasks. As they perform these duties, their bosses are enabled to concentrate their efforts and time in managing their assigned responsibilities. However, these job titles are not universally uniform, as it depends on the organization.

4 0

3 years ago

What is a characteristic of Cloud computing?

Arisa [49]

Cloud computing services are paid for based on consumption. The business model is analogous to the utility, the rental car, or the hotel industries, where users don’t own any of the infrastructure (power/cars/rooms) and pay only for the services they consume on a monthly basis. Similar to the examples mentioned, cloud computing resources are available on-demand. That’s my three sentence synopsis of the business concept behind cloud computing, but I also see it as a technical change in the way IT resources are delivered and consumed.

Hope this helps!

8 0

2 years ago

Suppose you deposit $2000 in currency into your checking account at a branch of Bank of America, which we will assume has no r

Finger [1]

Answer: Please see answer in the explanation column

Explanation: A T- account resembles a tshape that shows a representation for financial records using double-entry bookkeeping, when it involves different accounts like asserts and liabilities, debits to liabilities decrease the account while credits increase the account. The contrary is true for assets

first T-account

.a) Assets | Liabilities

Reserve: +$2000 Deposit: +$2000

Assets | Liabilities

Reserve $400 Deposit=+$2000

Loans: .+$1600

Where required reserve ratio is 20% ie 0.02 x 2000= $400

The bank will keep $400 as reserve and can only loan out $1600

Deposited in another bank as

Assets | Liabilities

Reserve $1600 Deposit=$1600

4 0

3 years ago

May 11 sydney accepts delivery of $40,000 of merchandise it purchases for resale from troy: invoice dated may 11; terms 3/10, n/

k0ka [10]

Answer:

Journal entries for Sydney (buyer)

May 11. Merchandise is accepted.

Dr Merchandise inventory 40,000

Cr Accounts payable 40,000

May 11. Shipping costs.

Dr Merchandise inventory 345

Cr Cash 345

May 12. Returned merchandise.

Dr Accounts payable 1,400

Cr Merchandise inventory 1,400

May 20. invoice paid within discount period.

Dr Accounts payable 38,600

Cr Cash 37,442

Cr Purchase discounts 1,158

Journal entries for Troy (seller)

May 11. Sold merchandise.

Dr Accounts Receivables 40,000

Dr Cost of Goods Sold 30,000

Cr Sales revenue 40,000

Cr Merchandise inventory 30,000

May 12. Returned merchandise.

Dr Sales returns and allowances 1,400

Dr Merchandise inventory 1,050

Cr Accounts receivables 1,400

Cr Cost of goods sold 1,050

May 20. Invoice paid.

Dr Cash 37,442

Dr Sales discounts 1,158

Cr Accounts receivables 38,600

7 0

2 years ago

Retirement income for older women is about ______ percent of that for men.

Alchen [17]

Retirement income for older women is about 55 percent of that for men. In the year 2009, 16 percent of single older men and 21 percent of single older women cut down under the poverty line. Among individuals aged 65, more than two times as many men as women have private pensions.

8 0

3 years ago

Which of the following statements is true of an​ activity-based costing​ system?

Which of the following statements is true of an activity-based costing system?