Explain Why You Agree or Disagree with These Statements

question 30

Essay

Explain why you agree or disagree with these statements:
a. "After all, painters and sculptors create forms; photographers only find and record forms."
b. "Photography is the art form that best demonstrates a basic truth: artistry resides not in the hands, but in the head."

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Definitions:

Standard Costing Systems

Accounting methods that use standard costs for direct materials, labor, and overhead to assess the efficiency of operations.

Cost Minimisation

A business strategy aimed at reducing expenses to improve profitability without compromising on the quality of the products or services offered.

Predetermined Manufacturing Overhead Rates

Rates used to allocate manufacturing overhead costs to products, calculated before the actual costs or activity levels are known.

Direct Labour Hours

Direct labour hours refer to the amount of time spent by workers directly involved in the manufacturing process of a product or service.