Disadvantages of Actual Costing Include

question 1

Multiple Choice

Disadvantages of actual costing include

• A) actual cost systems cannot provide accurate unit cost information on a timely basis.
• B) actual cost systems produce unit costs that fluctuate from period to period.
• C) estimates must be used when calculating the actual overhead rate.
• D) both a and b.

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Definitions:

Opposite Extremes

Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.

Organic Disorder

A term for physical or physiological disorders caused by structural changes in the body.

Manic-depressive Disorder

An old term for bipolar disorder, a mental health condition characterized by extreme mood swings.

Chemical Imbalance

A hypothetical concept suggesting that mental health conditions arise from an imbalance of chemicals in the brain.