(a) Describe the role of the cost accountant in a manufacturing organization. (b) Explain whether you agree...
Question:
(a) Describe the role of the cost accountant in a manufacturing organization.
(b) Explain whether you agree with each of the following statements:
(i) ‘All direct costs are variable.’
(ii) ‘Variable costs are controllable and fixed costs are not.’
(iii) ‘Sunk costs are irrelevant when providing decision making information.’
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
a Cost accountants play a pivotal role in a manufacturing firm With the increasing focus on cost competitiveness the role of cost accountants has incr...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Describe the role of technology in both Amazon's manufacturing and service operations.
-
Describe the role of free trade zones (FTZs) in global logistics.
-
Describe the role of competitive advantage and how Porters competitive strategies help an organization develop competitive advantage.
-
Which of the following statements about close buyer-seller relationships in business markets is FALSE? Long-term commitments on larger order quantities often cause the supplier to raise its selling...
-
Is the two-step sequence depicted in the following equations consistent with the second-order kinetic behavior observed for the hydrolysis of methyl bromide? slow CH3 OCH3OH
-
Can a single person conduct a meta-analysis or does it take a team of researchers? Why?
-
Tyler Company reported the following costs on its financial statements (in thousands): REQUIRED: Using the reserve disclosure for Tyler Company in problem 13 and the data presented in this problem,...
-
Detmer Holdings AG of Zurich, Switzerland, has just introduced a new fashion watch for which the company is trying to find an optimal selling price. Marketing studies suggest that the company can...
-
Discuss how a good understanding of the state of the economy might help you make better decisions. Discuss how much of a role you think a government should play in a market system. Explain how you...
-
The following are common tests of details of balances or substantive analytical procedures for the audit of accounts receivable: 1. Select 10 customer accounts from the accounts receivable master...
-
Cost classifications used in costing include: (i) Period costs; (ii) Product costs; (iii) Variable costs; (iv) Opportunity costs. Required: Explain each of these classifications, with examples of the...
-
Costs may be classified in a variety of ways according to their nature and the information needs of management. Explain and discuss this statement, illustrating with examples of the classifications...
-
Explain the read committed isolation level. Give an example of its use.
-
How do social issues impact the rate of juvenile delinquency? Provide a least two specific examples in your description using 175-200 words.
-
be given by the equations Let f R2 R3 and 9: R R == f(x1, x2) = (e2x1+x2,3x21 - COS x1, x+12+2) 9(y1, y2, y3) = (3y1 +242 + y, y - y3 + 1) (1) If F(x) = g(f(x)), find DF(0). [Hint: Don't compute F...
-
5. This question is about the following A-calculus term: (Ax. Ay. x x y) (Ax. x) a I (a) (1 point) What variables are free variables in the above term? (b) (3 points) Reduce the term to normal form...
-
A form of general partnership agreement (the "contract") is attached to this assignment. Read through the contract to familiarize yourself with its contents and then answer the following questions...
-
Write three functions (1) rectangle Area (2) circleArea, and (3) triangle Area to compute and return the area of a rectangle, circle, and triangle, respectively. Use these functions in a program in...
-
Pop Corporation paid $686,000 for a 30 percent interest in Son Corporation's outstanding voting stock on April 1, 2016. At December 31, 2015, Son had net assets of $2,000,000 and only common stock...
-
A random sample of 10 houses heated with natural gas in a particular area, is selected, and the amount of gas (in therms) used during the month of January is determined for each house. The resulting...
-
A company supplying capital equipment to the engineering industry is part of a large group of diverse companies. It determines its tender prices by adding a standard profit margin as a percentage of...
-
It has been stated that companies do not have profitable products, only profitable customers. Many companies have placed emphasis on the concept of customer account profitability (CAP) analysis in...
-
A producer of high quality executive motor cars has developed a new model which it knows to be very advanced both technically and in style by comparison with the competition in its market segment....
-
13. (8%) (a) Give a regular expression defining the same language as the following context-free grammar: S Sa, Kaa, SKb, K Ka. (b) What is the language over the alphabet (a, b) defined by the...
-
7) What is the output of the following snippet of code? myDict = { 'George': 4, 'Jean': 2, 'Paul': 10, 'Andrew': 18, 'Jacob': 8} myDict['Steve'] = 12 to Remove = ['George', 'Paul', 'Jacob'] for elt...
-
Write a program to empirically determine the performance of two power functions implementations: Iterative implementation double iterative Power (double base, int exponent) { double retVal = 1.0; if...
Study smarter with the SolutionInn App