fully allocating all costs to products‚ customers‚ and other costing objects in an activity-based costing system. This results in overstated costs. More accurate product costs may result in increasing the selling prices of some products. 3. Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 8‚000 units and of Product B is 6‚000 units. There are three activity cost pools‚ with total cost and total activity as
Premium Costs Variance Cost
Chapter 9—Break-Even Point and Cost-Volume-Profit Analysis MULTIPLE CHOICE 1. CVP analysis requires costs to be categorized as a. | either fixed or variable. | b. | direct or indirect. | c. | product or period. | d. | standard or actual. | ANS: A PTS: 1 DIF: Easy OBJ: 9-1 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Decision Modeling 2. With respect to fixed costs‚ CVP analysis assumes total fixed costs a. | per unit remain constant
Premium Variable cost Management accounting Fixed cost
Running head: VARIABLE COSTS Variable Costs ACC/561 June 12‚ 2012 Variable Costs Any cost which is not fixed and will change in same amount when there is change in production volume is accounted as variable costs. This also means that they change in total rather than per unit whenever there is production or activity change. In production- labor‚ material or overhead could be the variable costs involved in the business. In Fitness center‚ there are different variable costs involved and each
Premium Costs Cost Variable cost
Public Speaking Phobia Rasneeth Sareen Psych 504 8/27/2012 Dr. V Public Speaking Phobia Public speaking phobia is an intense and irrational fear of experiencing judgment by others when speaking in front of public or being embarrassed or humiliated in such situations causing dread‚ panic‚ and avoidance (Teachman‚ 2010). More accurately‚ it is not the scrutiny and negative judgments themselves but the speaker’s own emotional response to them; the feeling of shame‚ rejection or humiliation
Premium Operant conditioning Behaviorism Classical conditioning
1.1 Explain the legislative framework for health‚ safety and risk management in the work setting. 1.2 Analyse how policies‚ procedures and practices in own setting meet health‚ safety and risk management requirements. 2.1 Demonstrate compliance with health‚ safety and risk management procedures 2.2 Support others to comply with legislative and organisational health‚ safety and risk management policies‚ procedures and practices relevant to their work. 2.3 Explain the actions to take when health‚
Premium Risk assessment Risk management Occupational safety and health
Module 1‚ Activity 5 Bakerview’s strategy is to develop a core consumer base by segregating themselves from their competitors through industry niches which meet current societal demands and product differentiation. Bakerview has established its own niches in its industry to pursue the solitary of product differentiation. One of its niches is establishing Cowlix Natural Ice Cream which is their own featured brand name product. Crafting your own brand name product creates product differentiation
Free Milk Dairy Dairy product
is the accrual basis of accounting preferred by GAAP? (Points : 5) The Accrual basis is easier to use. The Accrual basis is also preferred by the Internal Revenue Service. The Accrual basis complies with the revenue recognition and matching principles. The Accrual basis requires fewer accounting resources. . (TCO D) In a period of increasing prices‚ which inventory cost flow assumption will result in the highest amount of net income?(Points : 5) LIFO The average cost method FIFO Income tax
Premium
40 a- Cost of goods manufactured = Direct cost + Indirect cost = [Direct Cost of Material + Direct Cost of Labor] + [Indirect Cost of Material + Indirect Cost of Labor + Utilities Overhead] = Total Cost of Material + Total Cost of Labor + Utilities Overhead = 120‚000 + 90‚000 + 40‚000 = $ 250‚000 b- Total Cost of Operation = Cost of goods manufactured + Selling‚ General admin. and expenses. = 250‚000 + 60‚000 = $ 310‚000 c- Prime Cost =Direct Material Cost + Direct Labor
Premium Costs Variable cost Marginal cost
Framework Zhang Yi Fei and Che Ruhana Isa becoming more and more popular [3-7] ABC aims to provide accurate costing information to managers to allocate activity costs to products and services by applying cost drivers [8]. Academics who advocate ABC‚ such as‚ Cooper and Kaplan [9]‚ and Swenson [10] argue that it provides more accurate cost data needed to make appropriate strategic decisions about product mix‚ sourcing‚ pricing‚ process improvement‚ and evaluation of business process performance. These
Premium Management accounting Activity-based costing
David McCarthy ID No. 50148095 C&G DTLLS UNIT 504 Applying theories and principles for planning and enabling learning 1 Understanding the application of theories and principles of learning and communication to inclusive learning and teaching Task 1 Analyse and evaluate how teaching theory Impacts upon your own practice Assessment Criteria 1.1 Analyse the factors that can affect learning and achievement
Premium Education Psychology Educational psychology