When a Normal Costing System Is Used,clients Using Proportionately More

question 29

Multiple Choice

When a normal costing system is used,clients using proportionately more full-time employees than trainees will ________.

• A) be overbilled for actual resources used
• B) be underbilled for actual resources used
• C) be billed accurately for actual resources used
• D) result in an underallocation of direct costs

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Definitions:

Strategies

Long-term plans or actions designed to achieve a specific goal or set of objectives.

Firm’s Mission

A firm's mission defines its core purpose and values, guiding its strategic objectives and business activities toward achieving long-term goals.

Objectives And Goals

Refers to the specific outcomes or achievements that an organization or an individual aims to accomplish within a set timeframe.

Ethical Standards

Principles that govern the behavior of individuals and organizations, guiding conduct in a manner considered acceptable and right by societal or professional norms.