The Hondasaki Motorcycle Company has a normal two-stage absorption job-order costing system. They close over- or under-applied overhead directly into Cost of Goods Sold, and use expected production as their activity base. Assume that their projections for total fixed costs and variable costs per unit are accurate.

Taking on an additional job that remains in inventory at the end of the period will:
a. Reduce adjusted cost of goods sold
b. Increase adjusted cost of goods sold
c. Have no effect on adjusted cost of goods sold
d. Impossible to predict without additional information

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

How many months does the federal budget usually take to prepare