Why is the term direct costing a misnomer for variable costing?
Question:
Why is the term direct costing a misnomer for variable costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
The term direct costing is often considered a misnomer for variable costing because it can create co...View the full answer
Answered By
FELIX NYAMBWOGI
I have been tutoring for over 5 years, both in person and online. I have experience tutoring a wide range of subjects, including math, science, English, and history. I have also worked with students of all ages, from elementary school to high school.
In addition, I have received training in effective tutoring strategies and techniques, such as active listening, questioning, and feedback. I am also proficient in using online tutoring platforms, such as Zoom and Google Classroom, to effectively deliver virtual lessons.
Overall, my hands-on experience and proficiency as a tutor has allowed me to effectively support and guide students in achieving their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
Question Posted:
Students also viewed these Business questions
-
The term direct costing is a misnomer. Variable costing is a better term for the product-costing method. Do you agree or disagree? Why?
-
Why is the term direct costing a misnomer?
-
Why is the term double-entry an appropriate expression for describing an accounting system?
-
#CCSEngage de-8/volume-of-spheres IXL Search topics and skills Learning Diagnostic Recommendations DIXLI Volume of spheres | 8th gra X aaaaas Eighth grade > T.14 Volume of spheres QX7 Submit 9 mm...
-
Dr. Rebecca Friend, the chief administrative officer of a hospital, is having an argument with the hospitals comptroller. Dr. Friend recently received a gift of $ 100,000 from a benefactor. She wants...
-
Match the following aspects of factor markets with the corresponding characteristics. a. Analogous to producer surplus b. Affected by an assets long run productivity c. Interest pain on loans d....
-
Explain ethnocentrism, cultural relativism, and the ways anthropology has evolved under changing working conditions.
-
On January 1, 2011, Henderson Corporation retired $500,000 of bonds at 99. At the time of retirement, the unamortized premium was $15,000 and unamortized bond issue costs were $5,250. Prepare the...
-
Present a 6-8 minutes persuasive speech persuading the audience about a social problem that our society needs to address. Use the problem-cause-solution organization to construct your argument and...
-
Sebastian Wilmer operates Wilmers Cricket Farm in Fairview, Georgia. Wilmers raises about 18 million crickets a month. Most are sold to pet stores at $10.26 for a box of 1,000 crickets. Pet stores...
-
Differences in operating income between variable and absorption costing are due solely to accounting for fixed costs. Do you agree? Explain.
-
The commercial loan officers did not list the dividend payout ratio as a highly significant ratio, but they did indicate that the dividend payout ratio appeared frequently in loan agreements....
-
While working for a space agency, you are tasked with ensuring that the oxygen needs of human beings on long voyages in outer space are met. Your boss hands you a data table and suggests that you...
-
Have you ever written a programming assignment with an error in the specifications? If so, at what point did you catch the error? How damaging was the error to your design and code?
-
Unless otherwise specified, which rule will always be processed?
-
Refer to the statements for Google in Appendix A. For the year ended December 31, 2015, what was its debt-to-equity ratio? What does this ratio tell us? Data From Statement Google In Appendix A...
-
The payroll disbursements were for two persons named Ciotty and Ciotti with the same first name and address. The interesting observation is that Ciotty is dated February 28, 2019, or after while...
-
Hospitals in City A are profit maximizing perfectly competitive firms. Hospitals in City B, on the other hand, are run by non-profit charities that try to minimize the long-run average cost of...
-
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...
-
Allocating Costs to Divisions Gether Corporation manufactures appliances. It has four divisions: Refrigerator, Stove, Dishwasher, and Microwave oven. Each division is located in a different city and...
-
Cost allocation to divisions. Rembrandt Hotel & Casino is situated on beautiful Lake Tahoe in Nevada. The complex includes a 300-room hotel, a casino, and a restaurant. As Rembrandts new controller,...
-
Cost allocation to divisions. Lenzig Corporation has three divisions: Pulp, Paper, and Fibers. Lenzigs new controller, Ari Bardem, is reviewing the allocation of fixed corporate-overhead costs to the...
-
Merchants' Bank (MB) is a large regional bank operating in 634 locations in the Southeast United States. Until 2005, the bank operated a call center for customer inquiries out of a single location in...
-
Edge Soccer Programs Cash Budget For the Two Months Ended February 28 January February Total Beginning cash balance Cash receipts from customers $10,500 $11,500 $10,500 $11,000 $15.200 $26,200...
-
The following are estimates relating to the 2020 budget of Thermo Blast that produces specialized ornaments for the Caribbean: Selling Price --------------------------------- $1500 Variable...
Study smarter with the SolutionInn App