Describe normal costing and actual costing systems.
Question:
Describe normal costing and actual costing systems.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Normal costing system take production into account by assuming that all units are mad...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
In February 2015, Majdy I. was appointed as a Chief Executive Manager of the Manufacturing Company by Mamoun N., President. Majdy had wide executive experience in the manufacturing sector with high...
-
Destin Products uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labour) and one manufacturing overhead cost pool. Destin allocates manufacturing...
-
Destin Products uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labour) and one manufacturing overhead cost pool. Destin allocates manufacturing...
-
For five years, Chaple, an accountant licensed by the state of Georgia, provided accounting services to Roberts and several corporations in which Roberts was an officer and shareholder (collectively...
-
Question Calculate the total weighted score for each site. Which one is the best? Stone Consolidated forecasted its total waste output over the next 25 years. It was calculated drat the required...
-
Modify the ERD you created in Problem 25 to eliminate the problems created by the use of synonyms.
-
Given that the approximate frequency of \(\mathrm{D}_{4}=294 \mathrm{~Hz}\), what is the approximate frequency of \(D_{2}\), rounded to the nearest whole number?
-
Humble Management Services opens for business and completes these transactions in September. Sept. 1 Henry Humble, the owner, invests $38,000 cash along with office equipment valued at $15,000 in the...
-
QualSupport Corporation manufactures seats for automoblles, vans, trucks, and various recreational vehicles. The company has a number of plants around the world, Including the Denver Cover Plant,...
-
Suppose that you research an issue for your client relating to preparing the clients tax return and you find an appellate court case from another appellate region that supports your clients position,...
-
Explain how job-costing information may be used for decision making.
-
Seasonal patterns and fluctuating levels of monthly outputs are the two main factors for most organizations to use an annual period rather than a weekly or a monthly period to compute budgeted...
-
Imagine that you have been trained to use the various compliance techniques described in this section. Because these compliance techniques are so powerful, should the use of certain such techniques...
-
Explain how the results would suggest you invest funds for the following goals, purchasing a home in seven years and for retiring in 35 years. Indicate the asset allocation you would use for each of...
-
(7) Let f(x) = esin(x2). Write down, but do not evaluate, an integral expression for the arclength of f(x) from x = = 4 to x = 7.
-
Why are investors concerned about market contagion due to Evergrande's debt issues? What is herd behavior and how does it affect the stock market? How does default risk affect bond prices?
-
Shares of EnergyTech are currently trading at $75/share. The consensus analyst growth rate for dividends is about 2.5%, and the total dividends over the past month were $3.11/share. Assuming the...
-
How is the VOH and FOH pre-determined overhead rates used as the standard price in standard costing determined?
-
A grating has 7400 slits / cm. How many spectral orders can be seen (400 to 700 nm) when it is illuminated by white light?
-
What are current assets and current liabilities? How are they different from non-current assets and non-current liabilities?
-
List three causes of a favorable direct materials price variance?
-
List three causes of a favorable direct materials price variance?
-
Describe three reasons for an unfavorable direct manufacturing labor efficiency variance?
-
Nash's Trading Post, LLC was organized on January 1 , 2 0 2 1 . During its first year, the corporation issued 1 , 5 0 0 shares of $ 5 0 par value preferred stock and 1 0 0 , 0 0 0 shares of $ 1 0 par...
-
Which 2 Statements about Location tracking in quick books online are true ?
-
Algebraic method Prosperous Bank has three support areas ( administration , human resources, and accounting ) and three revenue - generating areas ( checking accounts, savings accounts, and loans ) ....
Study smarter with the SolutionInn App