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Which one of the following is related to the planning function of management: a. Establishing goals

Which one of the following is related to the planning function of management: a. Establishing goals

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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20 Which one of the following is related to the planning function of management: O a. Establishing goals O b. None of the given answers Oc Gathering feedback d. Comparison between actual and budgeted results O e. Performance reports
Transcribed Image Text:20 Which one of the following is related to the planning function of management: O a. Establishing goals O b. None of the given answers Oc Gathering feedback d. Comparison between actual and budgeted results O e. Performance reports
on All the following statements about predetermined overhead rates are correct, EXCEPT: O a. calculated fırst and then multiplied by total actual units of the allocation base to compute t of the applied manufacturing overhead costs. O b. based on estimated total manufacturing overhead costs O c. calculated by dividing total estimated manufacturing overhead cost by estimated units of the allocation base. O d. All the given answers are correct. calculated at the end of the accounting period once the actual amount of manufacturing overhead is known. O e.
Transcribed Image Text:on All the following statements about predetermined overhead rates are correct, EXCEPT: O a. calculated fırst and then multiplied by total actual units of the allocation base to compute t of the applied manufacturing overhead costs. O b. based on estimated total manufacturing overhead costs O c. calculated by dividing total estimated manufacturing overhead cost by estimated units of the allocation base. O d. All the given answers are correct. calculated at the end of the accounting period once the actual amount of manufacturing overhead is known. O e.
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