Which of the Following Is Not an Advantage of Activity-Based

question 102

Multiple Choice

Which of the following is not an advantage of activity-based costing?

• A) Activity-based costing is easier and less time consuming to calculate.
• B) Activity-based costing information can be used to make decisions that will lead to improved customer satisfaction and greater profits.
• C) More accurate cost information can be obtained by using activity-based costing.
• D) Activity based costing considers the resources each product actually uses, so management can better control overhead costs.

Identify the basic motives that drive human values and distinguish between different types of values.

Recognize the universal values accepted across cultures and their significance.

Analyze the influence of culture on moral values and social behavior.

Distinguish between strong and weak situations and their impact on norms for behavior.

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Definitions:

Lower Of Cost

A principle that requires inventory to be recorded at the lower of its historical cost or the market value.

Market Method

A valuation method that prices assets or liabilities based on current market prices or values.

Original Costs

The initial monetary value paid or incurred for an asset, including purchase price and any additional charges necessary to bring it to its current location and condition.

LIFO Perpetual

LIFO Perpetual is an inventory costing method that assumes the last items produced or purchased are the first to be sold, with continuous inventory and cost of goods sold updating.