A Positive Statement Is

question 28

Multiple Choice

A positive statement is

• A)about what is.
• B)the result of a model's normative assumptions.
• C)valid only in the context of a model with simple assumptions.
• D)about what ought to be.

---

Definitions:

Two-Stage Cost Allocation

A method in cost accounting where costs are first allocated to intermediate cost pools and then charged to specific products or services.

Support Department Costs

Expenses incurred by departments that do not directly produce goods or services but provide necessary support to production departments, such as human resources or maintenance.

Production Departments

Specific areas or units within a manufacturing facility where different stages of the production process are carried out.

Budgeted Amounts

Estimated financial figures used for planning during a specific period, including income, expenses, and capital expenditures.