Planning is far more important than day-to-day control of discretionary costs. Do you agree? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Both planning for and controlling discretionary costs are important It is ...View the full answer
Answered By
Ashish Bhalla
I have 12 years work experience as Professor for Accounting, Finance and Business related subjects also working as Online Tutor from last 8 years with highly decentralized organizations. I had obtained a B.Com, M.Com, MBA (Finance & Marketing). My research interest areas are Banking Problem & Investment Management. I am highly articulate and effective communicator with excellent team-building and interpersonal skills; work well with individuals at all levels.
4.80+
17+ Reviews
46+ Question Solved
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
Question Posted:
Students also viewed these Managerial Accounting questions
-
GME Bank has hired you to manage the bank's loans. Currently they have $400,000 in checking deposits and a reserve ratio of 25%. Use the bank balance sheet to answer the questions below. Assets...
-
Do you agree that this course is the most important course in the business school? Isnt accounting more important? No business can exist without accounting. Or isnt management more important? After...
-
Do you agree with the following statement: With proper planning it is possible to eliminate most/all risks from a project? Why or why not?
-
For the Somerset furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a time line from the initiation of a purchase order to product delivery....
-
How does the use of a channel system either enhance or detract from customer value in the sale of flowers?
-
Selected worksheet data for Nicholson Company are presented below. Instructions(a) Fill in the missing amounts.(b) Prepare the adjusting entries that weremade. Adjusted Trial Balance Account Titles...
-
A company manufacturing artificial hip devices approved by the FDA has been informed that a number of patients (about 35 percent) using their artificial hips are experiencing a high level of lead in...
-
The Wendt Corporation had $10.5 million of taxable income. a. What is the companys federal income tax bill for the year? b. Assume the firm receives an additional $1 million of interest income from...
-
a) A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the...
-
Financial statements for Allendale Company follow: ALLENDALE COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash $ 40,000 $ 36,000 Marketable securities 20,000 6,000...
-
What are the primary determinants of the level of committed costs? Discretionary costs?
-
In the high-low method, does the high and low refer to cost-driver levels or to total cost levels? Explain.
-
1. Each of the following can create an operating constraint that might impact the data analysis task except: a. Technological resources b. Time needed to complete the analysis c. Data access d. All...
-
The system having the Bode magnitude plot as shown below has the transfer function (a) \(\frac{60(s+0.01)(s+0.1)}{s^{2}(s+0.05)^{2}}\) (b) \(\frac{100(1+10 s)}{s(1+20 s)}\) (c) \(\frac{3(s+0.05...
-
The root locus diagram for a closed-loop feedback system is shown below. The system is overdamped: (a) only if \(0 \leq \mathrm{K} \leq 1\) (b) only if \(1(c) only if \(\mathrm{K}>5\) (d) only if \(0...
-
The Nyquist plot shown below, matches with the transfer function (a) \(\frac{1}{(s+1)^{3}}\) (b) \(\frac{1}{(s+1)^{2}}\) (c) \(\frac{1}{\left(s^{2}+2 s+2ight)}\) (d) \(\frac{1}{(s+1)}\) (0) = Im 1.0...
-
Match List-I with List-II in respect of the open-loop transfer function; \(G(s) H(s)=\) \(\frac{\mathrm{K}(s+10)\left(s^{2}+20 s+500ight)}{s(s+20)(s+50)\left(s^{2}+4 s+5ight)}\) and select the...
-
The open-loop transfer function of a feedback control system is \[ \mathrm{G}(s) \mathrm{H}(s)=\frac{1}{(s+1)^{3}} \] The gain margin of the system is (a) 2 (b) 4 (c) 8 (d) 16
-
Why might intra-industry trade seem surprising from the point of view of comparative advantage?
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
What we now know about the mixtures of productive factors that make up the exports and imports of leading nations has been learned largely because Wassily Leontief was puzzled in the 1950s. Leontief,...
-
Osaka Electronics, headquartered in Japan, produces consumer durables. It has two departments component manufacturing and assembling. For the AprilJune quarter, 2020, the following costs were...
-
Why do companies assign all production costs and only production costs to products for external reporting purposes?
-
Products are the main cost objects. Departments are seldom cost objects. Do you agree? Explain.
-
The fact that restrictive covenants are widely used does not mean, as NanoMech, Inc. v. Suresh shows, that they are always enforceable. NanoMech, Inc. v. Suresh 777 F.3d 1020 (8th Cir. 2015) OPINION...
-
What are the fundamental distinctions between prokaryotic organisms and their eukaryotic counterparts, particularly concerning cellular structure and organizational complexity?
-
What are the structural and biochemical features of prokaryotic cell membranes and cell walls, and how do these components contribute to cellular integrity, homeostasis, and environmental...
Study smarter with the SolutionInn App