Managers Need Allocation Bases When They

question 34

Multiple Choice

Managers need allocation bases when they:
I. Allocate support department costs to operating departments
II. Trace direct costs to products
III. Trace direct labour to products

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

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Definitions:

Closed Sentence

In predicate logic, a statement in which every variable is bound by a quantifier.

Variable

An element, feature, or factor that is liable to vary or change, often used in mathematics, statistics, and scientific experiments to represent quantities or qualities that can assume different values.

Open Sentence

A mathematical or logical statement containing one or more variables that does not have a definitive truth value until the variables are specified.

Variable

An aspect, trait, or element that has the potential to change or differ.