Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the mentioned statements about the classi

which of the mentioned statements about the classification of D and I is most likely...

80.2K

Verified Solution

Question

Accounting

image

which of the mentioned statements about the classification of D and I is most likely to be true

a. Statement 1 only

b. statement 2 only

c. statement 3 only

Cost D can be physically traced to each unit of output. It should be classified as a direct cost with respect to each unit of output. Cost I can be physically traced to each unit of output. It should be classified as an indirect cost with respect to each unit of output. Which of the following statements about the classification of D and I is most likely to be true? 1. Misclassifying D as an indirect cost would have a more negative impact on the accuracy of cost assignment (to each unit of output) compared to misclassifying I as a direct cost. 2. Misclassifying D as an indirect cost would have a less negative impact on the accuracy of cost assignment each unit of output) compared to misclassifying I as a direct cost. 3. Misclassifying D as an indirect cost would have the same negative impact on the accuracy of cost assignment (to each unit of output) as misclassifying I as a direct cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

You are a Consultant for the professional service firm, BUSI 2083 LLP. Your firm specializes in...

Psychology
1.2K views

For this assignment, you will choose two case studies from the four available in the following...

Physics
1.2K views

Niels Bohr a.) A dense explanation of the Bohr model. explanations of practicum used, derivations, and examples. b.)...

Mechanical Engineering
1.2K views

This is for a VF-30 Bonfiglioli worm drive Gearbox 6.1 Housing 6.2 Worm Gear 6.3 Worm Shaft For each...

Biology
1.2K views

19 The image shows the female reproductive system Identify each of the following by letter...

Basic Math
1.2K views

Find the number of distinct arrangements of the 12 letters in REENGINEERED. Two of the...

Basic Math
1.2K views

Prove the identity.sinx- -sin4x= cosx-cos4xNote that each Statement must be based on a Rule chosen...

Calculus
1.2K views

Find the derivative of the given function dR dt 8 R 4 tan 3t

Accounting
1.2K views

Madison Company earned net income of 75000 during the year ended December 31, 2016. on...

Accounting
1.2K views

Which of the two taking a practical route or pursuing careers based on natural ability,...

Accounting
1.2K views

Determining Missing Items in Return Computation One item is omitted from each of the following...

Finance
1.2K views

?! Given the following probability distribution for assets and y, compute the expected rate...