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Luden [163]
4 years ago
14

Which of the following statements describing a key reason for product cost differences between simple costing systems and ABC sy

stems is​ true?
A. An ABC approach attempts to use cost drivers as the allocation base for indirect​ costs, whereas a simple costing system generally does not.
B. An ABC costing system generally utilizes one or very few indirect cost pools to allocate​ costs, where a simple costing system uses multiple indirect cost pools to allocate costs.
C. The ABC costing system has more indirect costs than a simple costing​ system, which classifies as many indirect costs as direct costs as possible.
D. An ABC approach focuses on the units of output as the fundamental cost​ objects, whereas a simple costing system generally does not.
Business
1 answer:
saw5 [17]4 years ago
5 0

Answer:

The correct answer is A. An ABC approach attempts to use cost drivers as the allocation base for indirect​ costs, whereas a simple costing system generally does not.

Explanation:

The main difference between the traditional cost system and the ABC cost system is that: the traditional cost system treats all fixed and direct costs as if they were variable and the ABC cost system allows detailed monitoring of the flow of activities, in the organization by creating links between activities and cost objects.

The objectives of ABC costing are:

  1. Measure the costs of the resources used when developing activities in a business or entity.
  2. Describe and apply their conceptual development showing their scope in management accounting.
  3. To be a measure of performance, which allows to improve satisfaction objectives and eliminate waste in operational activities.
  4. Provide tools for business planning, profit determination, control and cost reduction and strategic decision making.
  5. It is the most rational cost allocation to improve the integrity of the cost of products or services. It foresees a closer confrontation or equalization of costs and their benefits, combining the theory of absorbing cost with that of variable costing, offering something more innovative.

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A manufacturer of jewelry imitates the style of a popular and expensive brand using manufactured stones rather than real gemston
Anastasy [175]

Answer:

The correct answer is: counterfeiting.

Explanation:

Falsification is an act consisting in the creation or modification of certain documents, effects, products (goods or services), in order to make them appear as true or to alter or simulate the truth.

Counterfeiting is considered a crime of “white gloves”, since it lacks violence and generally involves commercial transactions. Counterfeits can be made, among others, with respect to public or private documents, coins, bills or other securities, art and products trademarks .

In the first cases, it is a crime that affects the public faith, and may become a form of fraud, while the latter is understood to be a vulnerability of industrial property (being copies without licenses, to be sold as if they were original ).

7 0
3 years ago
A 65-year-old retiree wishes to convert the cash value of his insurance policy into an annuity. He can select an annuity that wi
insens350 [35]

Answer:

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

Explanation:

Giving the following information:

Option 1:

Number of years= 15

FV= 450,000

i= 0.0525

Option 2:

Number of years= 20

FV= 450,000

i= 0.0525

To calculate the annual cash flow, we will use the following formula on each option:

A= (FV*i)/{[(1+i)^n]-1}

A= annual cash flow

<u>Option 1:</u>

A= (450,000*0.0525) / [(1.0525^15) - 1]

A= $20,464.72

<u>Option 2:</u>

A= (450,000*0.0525) / [(1.0525^20) - 1]

A= $13,253.53

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

5 0
3 years ago
Edward was assigned to a task group to resolve his organization’s issue of low morale; however, they all disagree on the cause.
Bond [772]

the answer is not storming it is polarization

7 0
3 years ago
Read 2 more answers
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

                             = $2400000 ÷ $30

                             = 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

                                               = 160,000 units

Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

8 0
3 years ago
Managing Bad News Within Organizations
True [87]

Answer:

Scenario 1. B. Prepare and rehearse.

2. B. Offer a clear, sincere explanation.

C. Communicate the news openly.

3. A. Reveal specific reasons for not hiring the applicant.

D. Use an indirect pattern.

4. Option 1

Explanation:

Delivering bad news is inevitable in every organization. Some factors are of utmost importance when having to do this. They include;

1. Being clear and concise.

2. Being straightforward while still providing assurance.

The direct approach announces the bad news just at the introduction of the speech. Whereas, the Indirect approach is used when the audience is not well known. It employs some form of explanation before the bad news is delivered.

1. Being tactful and professional would require adequate preparation so as to choose words properly and put people's feelings into consideration.

2. To avoid spreading rumors within and outside the organization, the president would have to address his staff openly. He should be clear and concise when doing this.

3. To make room for good relationship and not break the confidence of the applicant, the HR should begin with an explanation of why the applicant was not hired.

4. The general manager should encourage the employee's effort to be trained but in order not to jeopardize the present schedule, future arrangements would need to be made.

4 0
3 years ago
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