1.which accounts are affected?
2.how is each account classified?
3.how is each classification changed
4.how is each amount entered in the account?
Communism is a type of political and social system. Under the Communism system, all the business has public ownership and the government has control over the businesses and the overall market. Due to the government regulation and rare private involvements under this system, there is a very little incentive to work or to produce quality goods and services.
Hence the answer is <u>Communism</u>
Answer:
a. Paper used for the magazine = prime cost (P)
b. Wages of printing machine employees = both (B
c. Glue used to bind magazine = prime cost (P)
d. Maintenance on printing machines = conversion cost (C)
Explanation:
prime cost (P), conversion cost (C), or both (B) are cost of a manufacturing business.