The process of dividing a total cost into parts and assigning it to cost objects is known as:
A. cost tracing.
B. cost allocation.
C. cost division.
D. None of the answers are correct.
Answer: B
You might also like to view...
The use of prenumbered documents is important to a good system of internal control
Indicate whether the statement is true or false
Software Hub is deciding whether to purchase new accounting software
The cost of the software package is $59,000, and its expected life is ten years. The payback for this investment is four years. Assuming equal yearly cash flows, what are the expected annual net cash savings from the new software? (Assume the investment has no residual value.) A) $5,900 B) $44,250 C) $14,750 D) $236,000
GlaxoSmithKline plc. of Great Britain makes Breathe-Right nasal strips. It sells the same product in many countries because customers all over the world will use them in the same way. This is an example of which type of global marketing product and promotion strategy?
A. product adaptation B. product customization C. product integration D. product extension E. product invention
Owen plans to open Owen's Pets Store, a pet supplies outlet, and to hire Quinn and Ruth. Owen will invest only his own money. He does not expect to make any profit for at least two years and to make almost no profit for the first three years, but he hopes to expand eventually. Which form of business organization would be most appropriate?
What will be an ideal response?