Many traditional costing systems.

a. trace manufacturing overhead to individual activities and require the development of numerous activity-costing rates
b. write off manufacturing overhead as an expense of the current period
c. combine widely varying elements of overhead into a single cost pool
d. use a host of different cost drivers (e. g., number of production setups, inspection hours, orders processed) to improve the accuracy of product costing
e. produce results far superior to those achieved with activity-based costing

Rats that received electric shocks were unlikely to develop ulcers if the

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.