Which of the Following Is Not a Benefit of the Normal-Costing

question 10

Multiple Choice

Which of the following is not a benefit of the normal-costing system?

• A)Managers take corrective actions sooner.
• B)Manufacturing costs of jobs are reported later.
• C)Manufacturing costs of jobs are reported earlier.
• D)Job pricing data is available soon after jobs are completed.
• E)Sales managers evaluate profitability and efficiency of jobs faster.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

National Security

National security involves the safety and defense of a nation, including its citizens, economy, and institutions, protected against threats ranging from terrorism to foreign invasions.

Infant Industries

Newly established industries often with limited capabilities compared to established competitors, and potentially protected by a government until they become competitive.

Absolute Advantage

The ability of a country or entity to produce a good or service in a more efficient manner (with fewer resources or in less time) than other countries or entities.