Why is using multiple predetermined overhead allocation rates more accurate than using a single plantwide allocation rate?
What will be an ideal response
The allocation process is the same, except there are multiple cost pools and multiple allocation bases. Having more than one allocation rate more accurately reflects the way products actually use a company's resources.
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Explain what a fully-focused and a market-focused strategy are and discuss the opportunities and risks inherent in selecting each strategy
What will be an ideal response?
Some purposes of continuous process improvement are:
A) improvement of levels of worker safety. B) the improvement of production processes and procedure. C) the reduction of worker fatigue and effort without reduction of levels of output. D) the improvement of factory, department, and work-station layout to improve work flows. E) all of the above