Answer:
B. Process cost accounting system.
Explanation:
On Process costing the cost added during the month are allocated to the units that passed through the process.
It is use for high volume of homogenueos units, meaning a unit has no diference with another and their cost are the same. This goes with the concept of equivalent units, so the ending inventory can be valuated base on completion.
Answer:
The Major Career Options (Traditional Career Paths) in the Travel and Tourism Sector are:
Holiday/Travel Agent.
Tourism Manager.
Travel Officer or Travel Agency Co-ordinator.
Travel Counselor or Travel Consultant.
Airlines Staff.
Tourist Guide.
Transport Officer
Answer:
Short term
Explanation:
A short term goal is a mission that one wishes to accomplish in the immediate future. In general, short goals are achieved within one year. Plans or objectives that are set to be fulfilled within one year or less are short-term goals. Another example of a short term goal is the purchase of household furniture.
The spa package budget will be achieved in six weeks, thereby qualifying as a short term goal. Long-term goals contrast short term goals as they take longer than one year to achieve.
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Answer:
1. groups costs into meaningful buckets that are then distributed based on the activity or product they support.
Explanation:
Activity based costing basically categorizes various overheads into different activities, that leads to charge of overheads based on different activities.
In this manner overheads that shall be charged on some standard products based on the activities involved is charged accordingly, and not based on standard overhead allocation rate.
Basically the overheads are divided into various activities and then distributed to each product based on the volume of activity in the manufacturing process of such activity.
