Which method, absorption costing or variable costing, is better for a company to use as its costing
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
Both systems can be useful to management but variable costing has se...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Question Posted:
Students also viewed these Managerial Accounting questions
-
Kellen Company manufactures stackable plastic cubes that are used for storage in dorm rooms. In August 2008, Kellen began producing multicolored cubes. During the month of August, 9,000 were...
-
Dynasty Company manufactures stackable plastic cubes that are used for storage in dorm rooms. In August 2015, Dynasty began producing multicoloured cubes. During the month of August, 9,000 were...
-
Jason's Meals produces frozen meals, which it sells for $10 each. The company uses the FIFO inventory costing method, and it computes a new monthly fixed manufacturing overhead rate based on the...
-
In Problems 5994, solve each inequality. Express your answer using set notation or interval notation. Graph the solution set. 2x2 3 + x
-
The footnotes to the 2008 financial statements of McDonalds corporation contain the following statement: In accordance with SFAS No. 144, Accounting for the Impairment or Disposal of Long-lived...
-
An industrial engineer at a fiber-optic manufacturing company is considering two robots to reduce costs in a production line. Robot X will have a first cost of $82,000, an annual maintenance and...
-
Suppose $N$ experimental units are randomly assigned to treatment or control by tossing a coin. A unit is assigned to treatment if the coin toss comes up heads. Assume that the probability of tossing...
-
Do you think global warming will have an impact on you during your lifetime? A CbS News / New York times poll of 1000 adults in the United States asked this question (CbS News website, December,...
-
Harley-Davidson, inc. (HOG), is a leading motorcycle manufacturer in the United States. The company manufactures and sells a number of different types of motorcycles, a complete line of motorcycle...
-
Two charges +q and 3q are separated by a small distance. Draw the electric field lines for this system.
-
How might the use of just-in-time inventory techniques affect the difference in net income calculated under variable costing and under absorption costing?
-
What is the main difference between the absorption costing and variable-costing approaches?
-
Phenols, like alcohols, are Brnsted bases. (a) Write the reaction in which the oxygen of phenol reacts as a base with the acid H 2 SO 4 . (b) On the basis of resonance and polar effects, decide...
-
A(n)________________________ is characterized by uneven bargaining power and lack of negotiation of terms.
-
Why are remedies in contract law sometimes insufficient?
-
True Or False A defendant against whom an excess judgment has been awarded often assigns their rights against their insurer to the plaintiff.
-
True Or False A third-party claim occurs when there are at least three plaintiffs.
-
True Or False The underpinnings of workers compensation as we now know it began to take shape in the nineteenth century.
-
Polar ice caps are found on a. Mercury b. Venus c. Mars d. Jupiter
-
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
-
Mr Magoo is planning to invest 18m in one of two short-term portfolios. Both portfolios consist of four short-term securities from diverse industries. The correlation between the returns of the...
-
The securities of companies Z and Y have the following expected returns and standard deviations: .................................................Z.............Y Expected return...
-
Mr Moroley has just finished reading a textbook on portfolio theory and he is keen to put his newfound knowledge into action by investing £1,000. He has identified the efficient frontier for...
-
How may price floors and ceilings destroy market equilibrium? How does the shape of the indicator line on the graph show diminishing returns? Monthly rent A Price Ceiling on Rent B $900 $800...
-
Provide a comprehensive analysis of the regulatory frameworks governing financial institutions, delineating the intricate interplay between prudential supervision, market conduct standards, and...
-
How does the forum meet organisational objectives? What vocabulary, tone, structure and style suits the audience? How will I: build trust develop positive working relationships ...
Study smarter with the SolutionInn App