Explain the type of environment in a service organization that best suits the use of standard costs
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Standard costing can be implemented in service organisations wh...View the full answer
Answered By
Diksha Bhasin
I have been taking online teaching classes from past 5 years, i.e.2013-2019 for students from classes 1st-10th. I also take online and home tuitions for classes 11th and 12th for subjects – Business Studies and Economics from past 3 years, i.e. from 2016-2019. I am eligible for tutoring Commerce graduates and post graduates. I am a responsible for staying in contact with my students and maintaining a high passing rate.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Question Posted:
Students also viewed these Advanced Accounting questions
-
1. In the video, Mike Boyle talks about establishing a work environment that motivates employees to do great work. List two or three specific ways Boyle has created this type of environment in his...
-
Renslen Consulting is a service organization that specializes in the design, installation, and servicing of mechanical, hydraulic, and pneumatic systems. For example, some manufacturing firms, with...
-
Mahan Consulting is a service organization that specializes in the design, installation, and servicing of mechanical, hydraulic, and pneumatic systems. For example, some manufacturing firms, with...
-
Please show your work D To be a valid route, it must consist of a sequence of valid move. Each valid move is either going to the right for one block or going down for 1 block. T d) How many valid...
-
Use Table 4.2 to predict whether the equilibrium for these reactions favors the reactants or the products. a) :NH + CHCCH, NH + CHCCH, O 1..- b) CHSCH + CHCHOH + :C: 9 CH SCH, CHCHO: o + HCI:
-
Marcello Martino, who is single and very wealthy, is considering making his first taxable gifts in the current year. These gifts would approximate $10 million. Because the current large unified...
-
We hope that you are part of a study group or, if that is not possible, that you have a telephone, e-mail, instant messaging, or webcam study buddy (or even more than one). And, of course, plenty of...
-
Quantitative methods can help managers evaluate alternative sales and operations plans on the basis of cost. These methods require cost estimates for each of the controllable variables, such as...
-
Question 1 A 5 m chain with density 2 kg/m hangs off the roof of a building. How much work is required to pull the chain to the roof? Question 2 The trough below is full of water. Recall that water...
-
Twin-Cities, Inc., purchased a building for $400,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a...
-
Zappy Kitchens manufactures a range of household products. Susan Masters, the company's management accountant, plans to implement a standard costing system. Masters has collected information from...
-
Madeleine Appliances manufactures washers and dryers on a single assembly line in its main factory. The market has deteriorated over the last five years and competition has made cost control very...
-
Which of the following accounts would appear only in an accrual basis accounting system, and which could appear in either a cash basis or an accrual basis accounting system? (a) Capital Stock, (b)...
-
https://youtu.be/4BZuWrdC-9Q Watch the video with the link that I provided above, explain some strengths and weaknesses of the presentation and what you think you can learn from it.
-
Joe is a 4 th grade student, and his teacher is worried about him because he is having difficulty working at grade level in reading, as well as with the reading in social studies and science. The...
-
contrast the "background" of the two Wes Moores and analyze the role their backgrounds, including their environments, played their opposing fates. Choose 1-2 factors to analyze. Your analysis of...
-
Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. (MDLZ) and The Hershey Company (HSY), is as follows (in thousands): Mondelez Hershey Net...
-
Fox Company management has budgeted the following amounts for its next fiscal year. Total fixed expenses Sale price per unit Variable expenses per unit $200,000 $50 $30 To increase sales Fox is...
-
Suppose that a competitive industry is in long-run competitive equilibrium. Then the price of a substitute good (in consumption) decreases. What will happen in the short run to a. The market demand...
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
What are the four parts to the CMA examination? What do they indicate about cost and management accounting versus financial accounting?
-
Classify each of the following actions as either being associated with the financial accounting system (FS) or the cost management system (CMS): a. Determining the future cash flows of a proposed JIT...
-
Myers Electronics, Inc., produces hand-held calculators. Three of the major electronic components are produced internally (components 2X334K, 5Y227M, and 8Z555L). There is a separate department in...
-
Question 3 (20 marks) Hollyford Corporation expects to have earnings this coming year of $3 per share . Hollyford plans to retain all of its earnings for the next two years . For the subsequent two...
-
On April 1, 2022 Sport Mart Inc.'s board of directors declared a 10% share dividend when the market price per share was $10. On November 15, 2022, the board of directors declared a 4:1 share split....
-
To record a receipt of payment in January for services not performed: $250 for February and $450 for March, the following is included in the journal entry Debit cash for $700, credit revenue for $700...
Study smarter with the SolutionInn App