What Are the Main Advantages of Volume-Based Allocation Methods Compared

question 5

Multiple Choice

What are the main advantages of volume-based allocation methods compared to activity-based costing?

• A)Volume-based methods are easier to use and less costly to implement and maintain.
• B)Volume-based methods are more accurate and allowed by GAAP.
• C)Volume-based methods are less accurate and easier to use.
• D)Volume-based methods are harder to use and more costly to implement and maintain.
• E)There are no advantages to using volume-based methods.

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Definitions:

Years Ago

A phrase indicating a specific amount of time in the past relative to the current date.

Natufians

A prehistoric culture located in the Levant, around 12,000 to 9,500 BC, known for their early adoption of sedentism and plant cultivation.

Neolithic Transition

The shift from hunting and gathering societies to agriculture and settlement, marking the beginning of the Neolithic Age.

Oasis Theory

A theory about the transition to agriculture, proposing that people started farming in areas where natural resources were abundant, like oases.