What are the circumstances why managers use actual costing rather than normal costing? Be specific
What will be an ideal response?
Managers differentiate between actual costing from normal costing by the type of indirect-cost rates used. The only difference between costing a job with normal costing and actual costing is that normal costing uses budgeted indirect-cost rates. Actual costing uses indirect-cost rates calculated annually at the end of a year. The similarities are that both systems use actual quantities of inputs for tracing direct costs and actual quantities of the allocation bases for allocating the direct costs.
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According to the leader-participation model, a manager should choose to delegate a decision to a group when _____
a. the manager has enough information to make the decision alone b. the decision is insignificant c. the team has the ability to work together to solve the problem d. team commitment to the decision is not important e. none of the above
Structured query language statements can be issued directly to the database management system (DBMS) by an application program
Indicate whether the statement is true or false