An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because:
A. activity-based costing results in less accurate costs than more traditional costing methods based on direct labor-hours or machine-hours.
B. under activity-based costing the sum of all product costs does not equal the total costs of the company.
C. activity-based costing has not been approved by the United Nation's International Accounting Board.
D. under activity-based costing some manufacturing costs (i.e., the costs of idle capacity and organization-sustaining costs) will not be assigned to products.
Answer: D
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A critical element of comparing and weighing the alternatives is the consideration of ways to mitigate, minimize, or compensate for any possible harmful consequences.
Answer the following statement true (T) or false (F)
The Federal Water Pollution Control Act enacted by the Congress in 1948 continues to be applied across the United States in its original form without amendments
Indicate whether the statement is true or false
Which of the following is an ineffective practice in formatting a résumé?
A. Stapling the application letter and résumé together B. Using headings with bold or capital letters C. Listing your education in reverse chronological order D. Including a career objective at the beginning