A product based on new technology faces greater competition from indirect competitors in the
initial phases of its life cycle.
Indicate whether the statement is true or false
TRUE
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Product costing systems in use over the last 40 years
a. concentrated on using multiple cost pools and cost drivers. b. were often technologically incapable of handling activity-based costing information. c. have generally been responsive to changes in the manufacturing environment. d. have been appropriate for managerial decision purposes as long as they met the requirements of generally accepted accounting principles.
Based on the opinions of 10,000 U.S. workers, Hudson found that when given their choice of unconventional benefits, most employees would select
A. more personal days and family leave. B. more supplemental insurance. C. more job training. D. a more flexible work schedule.
In the preparation of departmental income statements, the preparer completes the following steps in the following order:
A. Identify service department expenses; allocate direct expenses; allocate indirect expenses. B. Identify indirect expenses; allocate direct expenses; allocate service department expenses. C. Allocate all expenses. D. Identify direct expenses; allocate service department expenses; allocate indirect expenses. E. Identify direct expenses; allocate indirect expenses; allocate service department expenses.
The following events apply to Deb's Dance Wholesalers.1) Sold merchandise to a customer. The goods were shipped FOB destination, with a freight cost of $50.2) Purchased merchandise with freight cost of $75, shipped with the terms FOB shipping point.3) Sold merchandise to a customer with freight cost of $40, shipped FOB shipping point.Required:a) What is the total amount of freight that will be paid by Deb's Dance Wholesalers?b) What is the amount of the expense that will be recorded with regards to freight costs paid by Deb's Dance Wholesalers?
What will be an ideal response?