What is the reason for pooling costs? to shift costs from low-volume to high-volume products. it is a budgeting technique designed to accurately track fixed costs. determining a pool rate for all costs incurred by the same activity reduces the number of cost assignments required. this procedure to determine which costs are directly related to production volume. it simplifies departmental overhead costing procedures?

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c