Question: a) Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components. (b) Explain how the analysis of

a) Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components.
(b) Explain how the analysis of costs into fixed and variable components is of use in planning, control and decision-making techniques used by the management accountant.

Step by Step Solution

★★★★★

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a In particular the answer should stress the following points i The answer should describe the diffe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

769-B-C-A-D-M (505).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Explain why mixed costs must be broken down into their fixed and variable components before a flexible budget can be developed.

Despite the numerous benefits of developing an accurate understanding of cost behaviour discussed in this chapter, research indicates that surprisingly few companies use quantitative techniques such...

Section B (40 marks) Answer one question (c) DP plc now realises that there may be a limit on the number of packaging hours available. A computer package for linear programming has been used and the...

Advanced (a) Comment on factors likely to affect the accu racy of the analysis of costs into fixed and variable components. (8 marks) (b) Explain how the analysis of costs into fixed and variable...

(a) Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components. (8 marks) (b) Explain how the analysis of costs into fixed and variable components is...

12. 20. Matching A. Variable Costs ______ A formal written statement of management's plans expressed in financial terms. B. Static Budget ______ A projection of budget data at one level of activity....

Paukovich Consulting: The Case of the Unhappy Sales Force' Introduction Richard Paukovich, the owner and CEO of Paukovich Consulting, was late arriving to the company's weekly project status review...

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

Exhibit 1: Prior Income Statements 20x2 20x1 Revenues Expenses $2,500,000 $2,000,000 150,000 150,000 270,000 200,000 130,000 231,000 Consultant salaries... Sales representative commissions. 180,000...

A subcontractor manufactures ceramic substrates for IBM. These devices have resistances that are normally distributed with a mean of 1.978 ohms and a standard deviation of 0.172 ohms. If the required...

One of the following has no place (is not valid) in the constitution of a public company: a. An objects clause. b. Removal of a director. c. Powers of directors. d. The conduct of meetings of the...

Use a calculator to find the values of f prime ( x ) for x = 1 , 0 , 1 , 2 , and 3

The APA recommends which of the following ways to report the standard error of the mean in a research journal? a. Report M in the text. b. Report M in a table. c. Report M in a graph. d. All of these...

No Friction is an industrial lubricant, which is formed by subjecting certain crude chemicals to two successive processes. The output of process 1 is passed to process 2, where it is blended with...

Chemical Processors manufacture Wonderchem using two processes, mixing and distillation. The following details relate to the distillation process for a period:No opening work in progress (WIP)...

Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market its...

answer the question in english.. iv. Additional Information: QUESTION 1 (30 marks) En Adam, an accountant at Ehsan Manufacturing Sdn Bhd (EMSB). He is preparing financial reports for the year ending...

On January 1, 2021, Displays Incorporated had the following account balances: Accounts Debit Credit Cash $ 32,000 Accounts receivable 29,000 Supplies 35,000 Inventory 65,000 Land 237,000 Accounts...