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vova2212 [387]
3 years ago
5

An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting

principles because: activity-based costing results in less accurate costs than more traditional costing methods based on direct labor-hours or machine-hours. under activity-based costing manufacturing costs are assigned to products. under activity-based costing the sum of all product costs does not equal the total costs of the company. activity-based costing has not been approved by the United Nation's International Accounting Board.
Business
1 answer:
Tresset [83]3 years ago
8 0

Answer:

under activity-based costing the sum of all product costs does not equal the total costs of the company.

Explanation:

The method of an activity-based costing system can be used use to find the total cost of all the activities that are required to make a product. This system also helps to find out which overhead costs can be avoided.

An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because under activity-based costing the sum of all product costs does not equal the total costs of the company.

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The first federal retirement benefits were give to veterans of
schepotkina [342]
It's A. World War I
The United States has the most comprehensive system of assistance for Veterans of any nation in the world, with roots that can be traced back to 1636, when the Pilgrims of Plymouth Colony were at war with the Pequot Indians. The Pilgrims passed a law that stated that disabled soldiers would be supported by the colony.

Later, the Continental Congress of 1776 encouraged enlistments during the Revolutionary War, providing pensions to disabled soldiers. In the early days of the Republic, individual states and communities provided direct medical and hospital care to Veterans. In 1811, the federal government authorized the first domiciliary and medical facility for Veterans. Also in the 19th century, the nation's Veterans assistance program was expanded to include benefits and pensions not only for Veterans, but for their widows and dependents.

Following the Civil War, many state Veterans homes were established. Since domiciliary care was available at all state Veterans homes, incidental medical and hospital treatment was provided for all injuries and diseases, whether or not of service origin. Indigent and disabled Veterans of the Civil War, Indian Wars, Spanish-American War, and Mexican Border period, as well as the discharged regular members of the Armed Forces, received care at these homes.

As the U.S. entered World War I in 1917, Congress established a new system of Veterans benefits, including programs for disability compensation, insurance for service personnel and Veterans, and vocational rehabilitation for the disabled. By the 1920s, three different federal agencies administered the various benefits: the Veterans Bureau, the Bureau of Pensions of the Interior Department, and the National Home for Disabled Volunteer Soldiers.

The first consolidation of federal Veterans programs took place August 9, 1921, when Congress combined all World War I Veterans programs to create the Veterans Bureau. Public Health Service Veterans’ hospitals were transferred to the bureau, and an ambitious hospital construction program for World War I Veterans commenced.

World War I was the first fully mechanized war, and as a result, soldiers who were exposed to mustard gas, other chemicals and fumes required specialized care after the war. Tuberculosis and neuro-psychiatric hospitals opened to accommodate Veterans with respiratory or mental health problems. A majority of existing VA hospitals and medical centers began as National Home, Public Health Service, or Veterans Bureau hospitals. In 1924, Veterans benefits were liberalized to cover disabilities that were not service-related. In 1928, admission to the National Homes was extended to women, National Guard and militia Veterans.

The second consolidation of federal Veterans programs took place July 21, 1930, when President Herbert Hoover signed Executive Order 5398 and elevated the Veterans Bureau to a federal administration—creating the Veterans Administration—to "consolidate and coordinate Government activities affecting war veterans." At that time, the National Homes and Pension Bureau also joined the VA.

The three component agencies became bureaus within the Veterans Administration. Brig. Gen. Frank T. Hines, who had directed the Veterans Bureau for seven years, was named the first Administrator of Veterans Affairs, a job he held until 1945.

Dr. Charles Griffith, VA’s second Medical Director, came from the Public Health Service and Veterans Bureau. Both he and Hines were the longest serving executives in VA’s history.

Following World War II, there was a vast increase in the Veteran population, and Congress enacted large numbers of new benefits for war Veterans—the most significant of which was the World War II GI Bill, signed into law June 22, 1944. It is said the GI Bill had more impact on the American way of life than any law since the Homestead Act of 1862.

The GI Bill placed VA second to the War and Navy Departments in funding and personnel priorities. Modernizing the VA for a new generation of Veterans was crucial, and replacement of the “Old Guard” World War I leadership became a necessity.
3 0
3 years ago
Read 2 more answers
Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
inessss [21]

Answer:

barriers to entry in monopoly but not in monopolistic competition.

Explanation:

Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.

Since monopolies do not face competition, they can earn economic profits in the long run.  

4 0
3 years ago
Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an
Alex73 [517]
Patti volunteered to cover the balance of a​ coworker's shift so that he could pick up his sick child from day care. this is an example of​ organizational citizenship (OCB). OCB stands for <span>person's voluntary commitment within an </span>organization <span>outside her contractual tasks. The father of OCB is Dennis Organ. He defined the term in 1988.</span>
7 0
3 years ago
Consider the following account balances (in thousands) for the Peterson Company.
stealth61 [152]

Answer:

<u>Cost Of Goods Manufactured                               $ 133,000</u>

Explanation:

Peterson Company

Schedule for the cost of goods manufactured

For 2017

Direct Materials  (opening Inventory)              21,000

Add Purchases                                                      74,000

<u>Less Ending Inventory                                     (23000)</u>

Materials available for Use                               72,000

Add Direct Labor                                               22,000

Factory Overhead

Indirect Manufacturing Labor     17,000

Plant Insurance                           7,000

Depreciation                               11,000

<u>Repairs                                         3000              38,000</u>

                                                                              132,000

Add Opening WIP                                                  26,000

<u>Less Closing WIP                                                    25,000</u>

<u>Cost Of Goods Manufactured                               $ 133,000</u>

7 0
3 years ago
In what order must the three key financial statements be prepared?
ra1l [238]

Answer:

D. income statement, statement of owner's equity, balance sheet is the correct answer.

Explanation:

6 0
3 years ago
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