Which of the following statements comparing traditional and activity-based costing (ABC) is false?
A) Traditional systems are generally less accurate than ABC systems.
B) ABC and traditional systems often produce different product cost information.
C) ABC systems focus on activity costing while traditional systems focus on volume costing.
D) ABC systems are generally less expensive to implement than traditional systems.
D
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The Merchandise Inventory account balance is $52,000. A physical count of inventory reveals that the actual inventory balance is $41,000. Which of the following would be included in the adjusting entry? (Assume a perpetual inventory system.)
A) a $41,000 credit to Merchandise Inventory B) a $52,000 debit to Cost of Goods Sold C) a $11,000 credit to Cost of Goods Sold D) a $11,000 credit to Merchandise Inventory
People with a college degree are entitled to be called "Doctor" in
a. Mexico. b. England. c. Italy. d. Russia.
Niche marketing is the systematic gathering, recording, and analyzing of data related to the marketing of goods and services.
Answer the following statement true (T) or false (F)
Sampling done without replacement means that:
a. only certain members of the population can be sampled b. each member of the population can be sampled repeatedly c. each member of the population can be sampled only once d. each member of the population can be sampled twice