Which of the following is a reason that employees must estimate how much time they spend performing each activity?
A)So that the budget committee can estimate labor costs
B)So that the resources consumed by the activities can be calculated
C)So that the cost pools can be identified
D)So that the activity rates are used correctly

Question

Quizplus · Accepted Answer

Estimating the time spent on each activity is necessary to calculate the resources consumed by those activities. This information is important for accurately determining the cost of producing a product or service.

Which of the Following Is a Reason That Employees Must