Gant Accounting Performs Two Types of Services, Audit and Tax

question 37

Multiple Choice

Gant Accounting performs two types of services, Audit and Tax.Gant's overhead costs consist of computer support, $300,000; and legal support, $150,000.Information on the two services is: Overhead applied to audit services using activity-based costing is

• A)$150,000.
• B)$180,000.
• C)$270,000.
• D)$300,000.

---

Definitions:

Downsizing

A strategic reduction of the workforce by a company through layoffs, often with the intent of reducing costs and improving efficiency or profitability.

Acquisition

The act of obtaining control of another company or business entity through purchase, merger, or another method.

Watch Bands

Straps or bracelets that attach to a watch case, allowing it to be worn on the wrist.

HRM

Human Resource Management; the strategic approach to manage people in an organization in a way that supports the business's goals and vision.