Option C
Direct labor hours ; Indirect labor is not an example of a cost and its related cost driver
<u>Explanation:</u>
A cost driver triggers a variation in the price of the activity. The idea is everywhere ordinarily employed to allocate aloft prices to the abundance of built assemblies. It can further be related to activity-based costing inquiry to ascertain the circumstances of expenses, which can be done to depreciate overhead prices.
In unusual accounting systems, cost drivers are practically inapplicable in determining the enrichment, Quantity of set-ups, Amount of machine-hours, Amount of labor hours, Abundance of orders bound and uttered.
Answer:
The correct option is;
Remain constant in total regardless of changes in activity
Explanation:
In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.
Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.
Therefore, we have; within the relevant range, fixed costs <u>remain constant in total regardless of changes in activity</u>
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
Answer:
The Correct Options are "1" and "3"
Explanation:
- An MRP method is employed to arrange the fabric needed for manufacture and dispatch. Its accustomed make sure that material is on the market for fabrication and merchandise are accessible for dispatch. For this designing request predictions are mandatory to stay the required material in order that product will be made on time and also the production method doesn't get halted. Therefore possibility one is correct.
-
In a pull method the material is made on request and for this simply in phase is incredibly necessary, therefore the association should be adapted to Just in time method and therefore possibility three is correct.
- In a Kanban method stream of knowledge is vital for correct operational of offer restraint and for this each section ought to add agreement with the alternative sections and therefore the assumed possibility is false.
