What is a driver? Give an example of a cost and its corresponding output measure or driver.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
A driver is a factor that causes or leads to a ch...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Question Posted:
Students also viewed these Cost Accounting questions
-
Suppose a company finds that shipping cost is $3,560 each month plus $6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent...
-
Describe the cost formula for a strictly variable cost such as electrical power cost of $1.15 per machine hour (i.e., every hour the machinery is run, electrical power cost goes up by $1.15).
-
What follows are a number of resources that are used by a manufacturer of futons. Assume that the output measure or cost driver is the number of futons produced. All direct labor is paid on an hourly...
-
Consider the examples of groupthink explained in this chapter and discuss how they can relate to situations you have experienced on your projects.
-
Fidelity Magellan is a large cap growth mutual fund and Fidelity Small Cap Stock is a small cap growth mutual fund (Morningstar Funds 500, 2006). The standard deviation for both funds was computed...
-
A piece of cloth is discovered in a burial pit in the southwestern United States. A tiny sample of the cloth is burned to CO 2 , and the 14 C/ 12 C ratio is 0.250 times the ratio in todays...
-
a. Run a regression of LNPAID on AGE. Is AGE a statistically significant variable? To respond to this question, use a formal test of hypothesis. State your null and alternative hypotheses,...
-
Baldacci Inc. has a casting machine that is used for three of the companys products. Each machine setup costs $ 20,445, and the machine was set up in June for six different production runs. The...
-
In Marigold Company, the Cutting Department had beginning work in process Inventory of 4000 units, completed and transferred out 26000 units, and fiad an ending work in process inventory of 3500...
-
Preston Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Preston allocates overhead based on yards of direct materials. The company's performance...
-
Describe the method of least squares. Why is this method better than either the high-low method or the scattergraph method?
-
Some firms assign mixed costs to either the fixed or variable cost categories without using any formal methodology to separate them. Explain how this practice can be defended.
-
The pKa's of glutamic acid are 2.19 (the a carboxyl group), 4.25 (the other carboxyl group), and 9.67 (the a ammonium ion). Write equations for the sequence of reactions that occurs when base is...
-
Why would an organization deliberately overstate their expenses during the current year?
-
XYZ Corp.'s outstanding bonds have a $10,000 par value and they mature in 10 years. Their yield-to-maturity is 8%, annual coupon rate is 6%, and semi-annual compounding. (a) What's the bond's current...
-
How should the timeframe of end of fiscal year October 31, 2022 be explained in the presentation?
-
A firm which named Beyonce is currently growing fast. Current risk free rate is 7%; however, since the firm is somewhat risky investors requires a risk premium. So the required rate of return for the...
-
You, as the managing partner at Sequoia Capital are considering an investment of $5 million in a convertible participating preferred stock at a $10 million pre-money valuation. The preference amount...
-
How does the accounting treatment of a stock split differ from that used with a small stock dividend?
-
To help you become familiar with the accounting standards, this case is designed to take you to the FASBs Web site and have you access various publications. Access the FASBs Web site at...
-
Wiring used by the Aircraft Division of Retina Manufacturing is currently purchased from outside suppliers at a cost of $75 per unit. However, the same materials are available from the Electronic...
-
Based on Retina Manufacturings data in Exercise 14-20, assume that a transfer price of $72 has been established and that 25,000 units of materials are transferred, with no reduction in the Electronic...
-
Sneed Industries Company sells vehicle parts to manufacturers of heavy construction equipment. The Crane Division is organized as a cost center. The budget for the Crane Division for the month ended...
-
A car trip lasts 3h 36 min at 86 km/h, including a half-hour break for lunch. How much time would we save by driving at 100 km/h without taking a break? (When the automobile is moving, we assume that...
-
Sylvia is interested in financial laws and regulations. She enjo make sure they are in compliance with laws and regulations. career should Sylvia consider?
-
Mariah Lucas is restructuring the budget process at her company, Lucas Lodging, Inc. She envisions a budget process driven by management and lower-level employees, but aligned with the company's...
Study smarter with the SolutionInn App