Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank
Question:
Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank might use process costing to determine the cost of checking account deposits?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
An advertising campaign for Pepsi is likely to be very specific to t...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Use the following data to determine the cost of goods manufactured. A. $102,000. B. $110,100. C. $96,600. Direct labor Beginning goods in process inventory General and administrative expenses Direct...
-
Name one reason for wage rigidity: A) low productivity B) high labor supply elasticity high productivity D) minimum wage laws C)
-
The Whitaker Corporation has hired you to determine the cost of processing a customer order. The firm expects to process 1,250 orders next year. The following costs are to be included in the relevant...
-
Write a check (Figure 4 - 42) dated June 13, 20XX, to Byron Johnson in the amount of $296.83 for a washing machine, Complete the check stub. Figure 4 - 42 456 456 Amount To For KRA, INC 2596 Jason...
-
A photon has an energy E and wavelength ( before scattering from a free electron. After scattering through a 135 angle, the photon's wavelength has increased by 10.0%. Find the initial wavelength and...
-
Martin Sharp, who repairs lawn mowers, collects cash from his customers when the repair services are completed. He maintains an inventory of repair parts that are purchased from a wholesale supplier....
-
Eager Beaver, Inc., started 2011 with total assets of \($24,000\) and total liabilities of \($11,000\). At the end of 2011, the businesss total assets stood at \($34,000\), and its total liabilities...
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
What role do cultural embeddedness and institutionalization play in shaping the resilience and longevity of organizational culture, and how can organizations strategically leverage cultural dynamics...
-
On December 31, 2023, Stilton Service Companys year-end, the unadjusted trial balance included the following items: Required 1. Prepare the adjusting entry on the books of Stilton Service Company to...
-
How does a job-costing system differ from a process-costing system?
-
Describe the seven steps in job costing?
-
Briefly define each of the following and note the conditions that would suggest the market is technically strong. a. Breadth of the market b. Short interest c. Relative strength index d. Theory of...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Generally, it is good practice to have witnesses to a will who are younger than the person...
-
What are charters and bylaws?
-
Differentiate between an IPO and a seasoned equity offering.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A tape recording is an acceptable form of will.
-
What are the key differences between proprietorships, partnerships, and corporations? Be sure to describe the advantages and disadvantages of each.
-
When an open tank with a free surface is stirred with an impeller, a vortex will form around the shaft. It is important to prevent this vortex from reaching the impeller, because entrainment of air...
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
Predict whether each of the following processes involves an increase or a decrease in entropy or whether the outcome is uncertain. (a) The decomposition of ammonium nitrate (a fertilizer and a highly...
-
Mandy Knox is the new manager of the materials storeroom for Timken Manufacturing. Mandy has been asked to estimate future monthly purchase costs for part # 696, used in two of Timkens products....
-
Anna Schaub, the financial manager at the Mangiamo restaurant, is checking to see if there is any relationship between newspaper advertising and sales revenues at the restaurant. She obtains the...
-
Parker manufacturing has been using activity-based costing to determine the cost of product X-678. One of the activities, Inspection, occurs just before the product is finished. Fitzgerald inspects...
-
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 20YS: December 31 December 31 December 31 20Y7 20Y6 20Y5 Total assets $321,000...
-
2. A new computer costs $1,500. It loses 5% of its value each year after it is purchased. Determine the value of the computer after 24 months. You must include an equation with your solution. /4
-
A horsepower is 550 ft-lb/s. A watt is 1 N-m/s. Determine how many watts are generated by the engines of the passenger jet if they are producing 7000 horsepower.
Study smarter with the SolutionInn App