If Cost Accountants Decide to Use Production of Prior Periods

question 81

Multiple Choice

If cost accountants decide to use production of prior periods as a cost driver for repair cost of the current period they understand that

• A) there is no correlation between repair costs and levels of production
• B) repair costs tend to lag periods of high production
• C) cost accountants do not need to understand operations
• D) there is no cause-and-effect between production and repair costs

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Definitions:

Individual Unique

Pertains to the distinct characteristics or qualities that differentiate one person from another.

Agreeableness

A personality trait in psychology that describes an individual's tendency to be kind, cooperative, and sympathetic towards others.

Big Five Personality Traits

A model outlining five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Good-Natured, Cooperative, Trusting

Describes an individual or group character that is friendly, willing to work together, and has confidence in the reliability of others.