Which of the following is not an advantage of standard costing over normal costing and actual costing?
A) A greater capacity for control.
B) Providing for readily available unit cost information.
C) Computing a unit cost for each equivalent unit cost category is not necessary.
D) Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs.
E) All of these are advantages of standard costing.
D
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Every time we fill in a missing perceptual piece, we exhibit what organizational strategy?
A. perceptual constancy B. figure ground principle C. closure D. scripting
The state of Ohio has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anson Enterprises is considering entering into this type of business. After extensive studies, Mark Anson has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs 270,000.00 Fixed
service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anson believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The projected cost for inspecting each automobile would be A) $11.13. B) $12.03. C) $12.93. D) $10.03.
Writers should never __________________ boldface
a. overuse b. erase c. doubt d. ignore
Danielle, Malik, and Ricardo were discussing their managers' decision-making styles. Danielle said, "My boss is very autocratic. She makes all the decisions, and I'm a bit scared of her. Our financial performance is fine but could be better." Malik stated, "My boss is the opposite; she is always democratic. She always involves all of us in discussion and decision making, and morale is good. But I think our financial performance should be better." Ricardo concluded, "My boss takes a very laissez-faire approach. He makes no decisions. In our business unit,
A. behaviors are not appropriate, but financial performance is good." B. morale and attitudes are poor, and financial performance is poor." C. morale and attitudes are poor, but financial performance is good." D. morale and attitudes are good, but financial performance is poor ." E. behaviors are appropriate, and financial performance is good."