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Hammond and Jarrett provide tax consulting for estates and trusts.Their job-costing system has a single direct-cost category (professional labour)and a single indirect-cost pool (research support).The indirect-cost pool contains all the costs except direct personnel costs.All budgeted indirect costs are allocated to individual jobs using actual professional labour-hours.
Required:
a.Discuss the reasons a consulting firm might use a normal costing system rather than an actual costing system.
b.What might be some reasons for the firm to change from a one-pool to a multiple-pool allocation concept?
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Women Subordinate
The societal condition wherein women are placed in lower or less powerful positions relative to men, reflecting broader patterns of gender inequality.
Totems
Objects, symbols, or animals revered or considered sacred by a group, especially in indigenous or tribal societies, representing clan or group identity.
William James
A pioneering American psychologist and philosopher, recognized for his contributions to pragmatism and the philosophy of religion, as well as for being a founder of functional psychology.
Human Response
encompasses the various reactions and adaptations individuals or groups exhibit in response to environmental, social, psychological, or physical stimuli.
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