It is to provide your clients a visual demonstration of their current financial situation, the raw numbers on where they are today, and what it would take for them to reach their goals and dreams.
Answer: Option (3) is correct.
Explanation:
Correct option: All choices have opportunity costs.
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
In our case, Neha is training for a triathlon, there are three activities involved in a triathlon and training hours are limited. If Neha wants to spend a hour on swimming then she have to sacrifice training for biking and running for during that time.
Therefore, every choice has an opportunity cost associated with it.
Answer:
Activity-based costing system using multiple basis for allocation
Explanation:
Activity - based costing -
It is a costing method which allocates the indirect and overhead costs for the goods and services , is known as Activity - based costing .
This method helps to determine the relationship between the overhead activities and cost , and the products manufactured , via allocating the indirect costs to the product less randomly than the normal costing method .
hence , from the question information ,
The type of overhead costing system most appropriate for the Blendln is Activity-based costing system using multiple basis for allocation .
Answer:
The correct answer is C) the cause-‐‑and-‐‑effect and the benefits-‐‑received criteria.
Explanation:
In general, the costs that are collected in the accounts serve three general purposes:
- Provide cost reports to measure utility and evaluate inventory (income statement and balance sheet).
- Offer information for the administrative control of the operations and activities of the company (control reports).
- Provide information to support planning and decision making (analysis and special studies).
Control constitutes the management for the fulfillment of the proposed goals, while cost reduction refers to the effort aimed at achieving a decrease in the levels or magnitude of the costs. The cost of the quality of a product represents the work that requires the identification and administration of the necessary expenditures to maintain an adequate degree of quality, that is, the supervision of compliance with the rules of its design and its specifications.
