A ____________________ Costing System Is Appropriate Where Products Manufactured Have

question 111

Short Answer

A ____________________ costing system is appropriate where products manufactured have different direct materials but similar processing techniques.

---

Definitions:

Positive Externality

A benefit that affects a party who did not choose to incur that benefit.

Externalities

Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.

Injunctions

Court orders requiring an individual, group, or organization to do or refrain from doing a particular act.

Externalities

Externalities are indirect effects of economic activities on third parties, which can be either positive or negative.