Are there any requirements for which cost flow assumption is selected for use by a company?
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Are there any requirements for which cost flow assumption is selected for use by a company?
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- What conditions are necessary to designate an activity as a cost driver?What are organizational and operational activities? Organizational cost drivers? Operational cost drivers?The ability to assign a cost directly to a cost object by means of a causal relationship is a. allocation b. traceability c. separability d. value chain process
- What is the difference between intermediate products and final products in management accounting?Those costs which cannot be influenced by the action of a specified member of an enterprise is cafted? Select one: a. Non-controllable costs b. Relevant Costs C. All Costs d. Pre-determined costsExplain the Problems in Cost Accounting Measurements?
- What are the Cost Product Cost and External Financial reporting?A. What is the benefit of cost assignment? How does this aid the organization in financial decisions?Information in a company’s first IFRS statements must: a. have a cost that does not exceed the benefits. b. be transparent. c. provide a suitable starting point. d. All the above.
