COST ACCOUNTING
COST MANAGEMENT SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date. How will the application select the work definition?
|
|
It will use the work definition with the January 2, 2016 effective date.
|
|
|
Depending on the selection criteria, it will use the work definition with the December l, 2015 effective
|
|
|
It must always use the work definition with the October 1, 2015 effective date.
|
|
|
You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose date or the work definition with the October l, 2015 effective date.
|
Explanation:
There is 1 question to complete.