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3 years ago

The primary difference between normalized and actual costing methods lies in the determination of a job's:

Business

1 answer:

Alenkasestr [34]3 years ago

4 0

Answer:

C. manufacturing overhead costs.

Explanation:

These are the options for the question

A. direct material costs.

B. direct labor costs.

C. manufacturing overhead costs.

D. selling costs.

E. administrative costs

Manufacturing cost can be regarded as the summation of the cost of consumed resources during the production of a product. It can be divided into

direct materials cost

✓ direct labor cost

✓ manufacturing overhead.

It should be noted that The primary difference between normalized and actual costing methods lies in the determination of a job is manufacturing overhead costs.

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Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decision making?

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It is important for a manager/decision maker to have a good understanding of both of these approaches, because it is more beneficial if the manager/decision maker can combine the two approaches to the situation.

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3 years ago

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Renting or leasing an intangible asset is known as licensing. It is the process of drafting and overseeing contracts between the owner of a brand and a business or person who wishes to use the brand in connection with a good for a predetermined amount of time and in a predetermined region. Brand owners can use licensing to apply a trademark or character to goods with distinct characteristics.

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2 years ago

Pollution and raw material shortages constitute immediate threats to some firms buy are often opportunities for other firms. The

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Answer: NATURAL

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3 years ago

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this is the percentage of each dollar of income, on average, that is spent for current needs and wants, rather than saved.

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Average propensity to consume (APC) counts how much money is spent each year versus saved.

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Average propensity to consume (APC) counts how much money is spent each year versus saved. This might be done by a single person who is curious about where their money is going or by an economist who is interested in tracking the spending and saving patterns of a whole country. In all scenarios, the tendency to consume can be calculated by dividing average household spending by average household income. A high average propensity to consume is typically advantageous for the economy from a larger economic perspective. When customers have a high propensity to consume, they save less and spend more on products and services. This rising demand fuels economic development, corporate growth, and widespread employment.

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2 years ago