________ is considered while choosing a cost allocation base for activity costs in ABC costing.
A. The number of departments
B. The availability of reliable data and metrics
C. The number of employees in direct labor
D. The marketing strategy of the products being produced
E. The product sales price
Answer: B
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The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. An employee in the accounting department records cash receipts from customers and prepares a bank deposit slip
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
The design phase of the SDLC begins with a business need for a new or better information system.
Answer the following statement true (T) or false (F)
Which of the following is a major step to be followed when using the multiple options close?
A) Review methods of payment. B) Create one solid product configuration for the client. C) Include all the bestselling products in the configuration. D) Introduce new products during a lull in the conversation. E) Concentrate on the options the prospect seems to be interested in.
A ________ groups cost by behavior; costs are classified as either variable costs or fixed costs
A) balance sheet B) contribution margin income statement C) traditional income statement D) absorption costing income statement