Situation: better living through powerpoint, llc is a consulting firm that works with clients to improve internal reporting practices. the firm uses a job-order costing system that allocates overhead on the basis of consultant labor dollars. a client contract is best categorized as which of the following?
expenditure
period cost
product cost
cost object
indirect cost

Cost Object

Explanation:

The contract will be a cost object.

Cost for labor and overhead will be assign and allocate to the contract to determinate the cost.

The period cost will be not being assign to the contract.

It will be assigned with product cost like labor cost and, the allocate indirect cost using the overhead predetermined rate

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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