The Idea That,when Rules or Guidelines Are in Place to Guide

question 4

Multiple Choice

The idea that,when rules or guidelines are in place to guide our behavior,we may be inclined to do only what is dictated by the rules and nothing more is referred to as:

• A)the externalization of codes.
• B)minimalism.
• C)generality.
• D)strict coherence.

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Definitions:

Job-Order Costing System

An accounting system that calculates the cost of individual jobs or batches in manufacturing or service sectors, tracking direct materials, direct labor, and overhead per job.

Predetermined Overhead Rate

An estimated rate used to apply manufacturing overhead to products or job orders, calculated before a period begins based on expected costs and activity levels.

Traditional Costing System

A method of cost accounting that allocates factory overhead to products based on volume-driven measures such as machine hours or labor hours.

Manufacturing Overhead

Consists of all manufacturing costs that are not directly associated with the production of goods, including indirect labor, maintenance, and factory utilities.