Which of the following is not a true statement regarding the pooling of indirect costs?
A. Pooling costs that have different cost drivers may result in unreliable cost allocation.
B. Costs that have been pooled for one purpose may require disaggregation for a different purpose.
C. A single cost pool will have more than one cost driver for different cost objects.
D. Pooled costs may require disaggregation when allocating costs for different purposes.
Answer: C
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Answer the following statement(s) true (T) or false (F)
1. In the workplace, individual freedom of speech is limited, but only in regard to profane or obscure remarks. 2. Most codes of conduct today also note the consequences that can occur if an employee does not follow the requirements in the code. 3. Montana is currently the only U.S. state that does not recognize that under common law “employment relationships are presumed to be ‘at-will.’” 4. When coaching, negative feedback will result in greater improvement in employee performance than positive feedback will. 5. The secondary objective of coaching, counseling, and discipline is to change behavior.
A list of possible substitute workers has been made in case a labor strike occurs. This would be an example of?
a. Contingency planning b. Risk elimination c. Risk mitigation d. Risk conduction
Which type of labor market hires entry-level workers and trains workers within the firm?
a. external labor market b. internal labor market c. thick labor market d. thin labor market
AAA & Associates recently finished auditing LinktheEarth Corporation's internal control over financial reporting. AAA found a number of material weaknesses in the entity's internal control. LinktheEarth's management remediated all of the weaknesses that AAA found. However, the auditors did not have sufficient time to retest the controls. What report should AAA issue with regards to internal control over financial reporting at year-end?
A. Unqualified report. B. Adverse report. C. Qualified report. D. Disclaimer on opinion.