Because It Is an Expense Account,the Sales Returns & Allowances

question 197

True/False

Because it is an expense account,the Sales Returns & Allowances account balance is deducted from the Sales Revenue account balance in determining net sales.

Understand how performance appraisals can influence pay reviews and organizational policies.

Recognize the importance of fairness and accuracy in performance appraisals.

Understand the characteristics of effective performance appraisal measures.

Recognize different types of performance appraisal methods and their definitions.

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Definitions:

Machine-Hours

A measure of production time, quantifying the hours a machine is operated in the manufacturing of a good.

Activity Rate

The activity rate is a cost accounting term that refers to the rate at which indirect costs are allocated to products or services based on specific activities.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources used in the production or delivery process.

Activity Rate

In cost accounting, it's the cost driver rate used in activity-based costing to assign indirect costs to products or services based on each activity's frequency and intensity.