As a business grows or evolves it is necessary for the accounting system to
A) stay the same according to the consistency principle.
B) completely change computerized accounting systems and simplify to a manual system.
C) completely change all manual accounting systems to one that is computerized.
D) adapt or modify to meet the specific needs of the business.
D
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The change in total cost by a one-unit change in output is called the
A) marginal profit. B) marginal revenue. C) marginal demand. D) marginal cost.
For what purpose should the active voice be used?
A) To strengthen most business writing B) To emphasize an action rather than a person C) To de-emphasize negative news D) To conceal the doer of the action
Define product cost. How does a merchandising company treat these costs?
What will be an ideal response
The use of dual rates in a cost allocation system assumes that common costs can be:
A. allocated based on a physical quantities measure. B. assigned to an investment responsibility center. C. traced directly to a specific division or manager. D. separated into their fixed and variable components.