What do you mean by marginal costing? Discuss its usefulness and limitations.
Question:
What do you mean by marginal costing? Discuss its usefulness and limitations.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Marginal costing also known as variable costing or direct costing is a costing technique used in managerial accounting to analyze the impact of changes in production volume on a companys costs and pro...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Rick Morgan sat at his desk mulling over an important decision. As plant manager for the Salina factory, he was under pressure to reduce costs and improve productivity. He had been approached several...
-
Suppose that a monopoly makes a loss if it charges a uniform price to all its customers, but is able to make a profit if it uses a second-degree price discrimination scheme. Does the price...
-
What do you mean by the term "lean manufacturing?"
-
A table of properties for methyl chloride lists the saturation pressure as 116.7 psia at 100oF. At 100oF, this table also lists hfg = 154.85 Btu/lbm, and vfg = 0.86332 ft3/lbm. Estimate the...
-
Bychowski Associates is an independent insurance agency that sells business, automobile, home, and life insurance. Myra Bychowski, senior partner of the agency, recently attended a workshop at the...
-
Suppose that there is limited commitment in the credit market, but lenders are uncertain about the value of collateral. Each consumer has a quantity of collateral H, but from the point of view of...
-
Prove that the order of convergence of the Crank-Nicolson finite difference method is \[O\left(\Delta x^{2}+\left(\frac{\Delta t}{2} ight)^{2} ight)\]
-
If you were a chief marketing officer, what metrics might you use to evaluate the performance of the IS organization in your company?
-
The function g is defined by g(x, y)=3+x-x - y on the domain D given by points in the xy-plane satisfying x+ y1 and x0. (a) Find the stationary points of the function g, and classify them. (b) Find...
-
We have learned how companies come up with their interim financial reports. Please pick a publicly traded company of your choice, look up its more recent quarterly report on its website, and comment...
-
The following cost information relates to factory for two years. Work out the profit under absorption costing and marginal costing for the two years. Also state any abnormality in the results...
-
Hind General Corporation produces only one product which had the following costs. The normal capacity is set at 200,000 units. There are no work-in-progress inventories. In 2001, the company produced...
-
A metal has a simple cubic lattice structure so that the atoms lie on the lattice points given by r = a(l, m, n) where a is the lattice spacing and l, m, n are integers. The metallurgist needs to...
-
Information summary 1.Clinical problem with team building? 2. Purpose of team building? 3. Speaker notes
-
Team Building and Conflict Resolution Discuss the importance of team-building activities. Explain how conflict resolution skills can help manage negativity. with references
-
List and describe the five stages of the team-building process. Explain why a manager would benefit from understanding the team-building process.
-
What is team building in healthcare? Provide five separate articles with five separate references on team building in healthcare
-
Teamwork is important to both organizations and quality. However, it is difficult to implement teamwork, if at first you lack a team. So, to begin with, leaders need skills in team building prior to...
-
According to what is known as Sturges guideline, the ideal number of classes for a frequency distribution can be approximated by 1 + (log n)/(log 2)where n is the number of data values. Use this...
-
Q1) What is the a3 Value Q2) What is the a7 Value Q3) What is the a4 Value Q4) What is the b3 Value Q5) What is the b2 Value Q6) What is the sign of 2nd constraint? A pastry chef at a bakery wants to...
-
Graphs and overhead variances. Fresh, Inc. is a manufacturer of vacuums and uses standard costing. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted...
-
4-variance analysis find the unknowns. Consider each of the following situationscases A, B, and Cindependently. Data refer to operations for April 2009. For each situation, assume standard costing....
-
Flexible budgets, 4-variance analysis. (CMA, adapted) Nolton Products uses standard costing allocates manufacturing overhead (both variable and fixed)to products on the basis of standard direct...
-
Company Y , a beverage manufacturer, observed that their product's demand and supply were in perfect balance, leading to consistent sales and no surplus or shortage in the market. What does the case...
-
1.) Identify the price, place and promotion strategies of Apple Pay? How is Apple Pay being promoted in the US. - How, When, Where, by what means. 2.) How does their marketing strategy reflect the...
-
What you believe is your greatest strength for Marketing Research.? Provide an example of a marketing campaign or strategy where research would have helped, i.e. an example of a FAIL!
Study smarter with the SolutionInn App