Consider the Following Statements Regarding Cost Allocation

question 49

Multiple Choice

Consider the following statements regarding cost allocation.i.Allocation of budgeted costs is preferred to actual cost as this minimises the possibility that the actions of one user department will affect the costs allocated to another user department
Ii) Allocation of standard budgeted rates is preferred,so the user department does not have to bear the inefficiencies of support departments.
Iii) Knowing the standard rates in advance allows the user departments to plan their activities with greater certainty.Which statement/s is/are true?

• A) i
• B) i and ii
• C) i,ii and iii
• D) ii and iii

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Definitions:

Well-rounded Physiques

Bodies that are not only physically fit but also balanced and proportionate, reflecting a broad spectrum of physical conditioning and health.

Age Stratification

The hierarchical ranking and division of a society based on age, affecting individuals' roles, rights, and responsibilities.

Impaired People

Are considered deficient in physical or mental capacity.

Age Cohort

A group of individuals who share a common age characteristic, typically used in sociological and demographic analyses to examine similarities and differences within and across populations.