Kevin Smith is hired by Leslie Porter to help with budgeting, determining the costs of the firm's meal services, and recording transactions and creating financial statements. Kevin is a

A. private accountant.
B. budget manager.
C. public accountant.
D. clerk.
E. public auditor.


Answer: A

Business

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Devon Company uses activity-based costing to determine the costs of its two products: A and B. The total estimated cost of the purchasing function activity pool is $14,000. The cost driver for that pool equals number of purchase orders. A total of 400 purchase orders are expected to be issued for the budgeted production of Product A and 300 purchase orders are expected to be issued for the budgeted production of Product B. The activity rate for the purchasing cost pool is:

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The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of customers arriving at any point of time is an example of a(n):

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Business