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Author Question: In the service sector, to achieve timely reporting on the profitability of an engagement, a company ... (Read 50 times)

JGIBBSON

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Question 1

In the service sector ________.
◦ direct labor costs are always easy to trace to jobs
◦ a budgeted direct-labor cost rate may be used to apply direct labor to jobs
◦ normal costing may not be used
◦ overhead is generally applied using an actual cost-allocation rate

Question 2

In the service sector, to achieve timely reporting on the profitability of an engagement, a company will use ________.
◦ budgeted rates for all direct costs
◦ budgeted rates for indirect costs
◦ actual costing
◦ budgeted rates for some direct costs and indirect costs


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Marked as best answer by JGIBBSON on Mar 6, 2021

sokh

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JGIBBSON

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


essyface1

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Reply 3 on: Yesterday
Excellent

 

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