Backflush Costing Does Not Strictly Adhere to Generally Accepted Accounting

question 103

Essay

Backflush costing does not strictly adhere to generally accepted accounting principles. Explain why. Also, describe the types of businesses that might use backflush costing.

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Definitions:

Weiner's Attribution Theory

A framework developed by Bernard Weiner that explains how individuals attribute outcomes to internal or external factors, affecting their motivation and emotions.

Kelley's Attribution Theory

A theory that explains how individuals deduce the causes of other people's behavior by attributing it to internal dispositions or external situations.

Dispositional Attribution

The tendency to attribute people's behaviors to their internal qualities, traits, or character, rather than to situational factors.

Aggressive

A behavior characterized by being ready or likely to attack or confront; involving forceful actions or tactics.