Acct 321 6380 Fall 2018 Quiz #2 Essays
Essays are more than one paragraph in length
They demonstrate an understanding of the topic
Are logically constructed
May not have a single right or wrong answer
There are direct, indirect and overhead costs. When allocating costs, is it better to have more direct, more indirect or more overhead costs? Why?
There are actual overhead rates and predetermined overhead rates. Are their instances when using an actual overhead rate is better than a predetermined overhead rate? Are there times a predetermined overhead rate is better than an actual rate?