Author Question: What posting references will be found in the journal entry? a. 15, 11 b. 15, 3 c. 11, 3 d. 3, ... (Read 71 times)

bobbie · **on:** Jul 5, 2018

What posting references will be found in the journal entry?
a. 15, 11
b. 15, 3
c. 11, 3
d. 3, 15

Question 2

Which of the following is true of refinement of a costing system?

A) While refining a costing system, companies should identify as many indirect costs as is economically feasible.
B) A homogeneous cost pool will use multiple cost drivers to allocate costs.
C) It reduces the use of broad averages for assigning the cost of resources to cost objects.
D) It is likely to yield the most decision-making benefits when direct costs are a high percentage of total costs.