National Safety Inc., an insurance firm, replaced its existing project management software with new software from another supplier. Since the new software has different features and abilities, National Safety has had to spend $10,000 on training its employees to use it. In this scenario, $10,000 represents National Safety's
A. switching cost.
B. excise duty.
C. octroi charge.
D. opportunity cost.
Answer: A
You might also like to view...
The Europeans adopted the 13-digit _____ as a standard for universal product codes.
Fill in the blank(s) with the appropriate word(s).
A missionary salesperson stimulates demand for a product and is therefore a major part of the close of the sale
Indicate whether the statement is true or false
Flexible-price policies are illegal in the United States.
Answer the following statement true (T) or false (F)
Reck Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Machining, $11,700; Order Filling, $17,800; and Other, $13,500. Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Machining)Orders (Order Filling)Product P76,900200Product V83,100800What is the overhead cost assigned to Product V8 under activity-based costing?
A. $17,867 B. $3,627 C. $21,500 D. $14,240