(a) What is the major rationale for the use of variable costing? (b) Discuss why variable costing...
Question:
(a) What is the major rationale for the use of variable costing?
(b) Discuss why variable costing may not be used for financial reporting purposes.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a The rationale for variable costing centers on the purpose of fi...View the full answer
Answered By
Kainat Shabbir
i am an experienced qualified expert with a long record of success helping clients overcome specific difficulties in information technology, business and arts greatly increasing their confidence in these topics. i am providing professional services in following concerns research papers, term papers, dissertation writing, book reports, biography writing, proofreading, editing, article critique, book review, coursework, c++, java, bootstarp, database.
5.00+
184+ Reviews
255+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
8. (a) Describe the bonding in a metal. You may draw a diagram to help your answer. (2 marks) (b) Explain why magnesium has a higher melting point than sodium.
-
Discuss why brand extension may not always work. Brand extension can be a particularly effective use of branding. It is a strategy of applying an established brand name to new products. As a result,...
-
What is the major distinction between income and expenses under IFRS?
-
Please watch the video link and answer the following questions. https://youtu.be/VtvjbmoDx-I On January 22,1984, Apple produced one of the most famous Super Bowl ads of all time. Directed by Ridley...
-
Delicious Limited competes in the fast food industry with Scrumptious Limited. Delicious embarked on a major expansion in 2018, borrowing a large amount of money and acquiring a small competitor. The...
-
On January 4 , 2 0 2 4 , Runyan Bakery paid $ 3 3 0 million for 1 0 million shares of Lavery Labeling Company common stock. The investment represents a 3 0 % interest in the net assets of Lavery and...
-
Confirm that the definition of the streamfunction given in the text satisfies the continuity equation. Use this in the N-S equation and derive the form for the \(E^{4}\) operator in spherical...
-
The Webster National Bank is reviewing its service charges and interest-paying policies on checking accounts. The average daily balance on personal checking accounts is $550, with a standard...
-
Drawing upon theories, standards/ regulatory frame work. How can Internal control aid organisations in being corporate governance gatekeepers?
-
Antonio received 40 ISOs at the time he started working for Zorro Corporation six years ago (each option gives him the right to purchase 20 shares of Zorro stock for $3 per share). Zorros share price...
-
Distinguish between absorption costing and variable costing.
-
Monthly production costs in Pesavento Company for two levels of production are as follows. Indicate which costs are variable, fixed, and mixed, and give the reason for eachanswer. 3,000 units 6,000...
-
MBA Ltd reports net sales of $480 000, gross profit of $348 000, and profit before tax of $180 000. What are its operating expenses?
-
Both CPI and the GDP deflator measure the change in the price of goods and services and tend to change in similar ways over time. In the third quarter of 2018, CPI rose by 1.5% from the previous...
-
In the debate over the Tax Cuts and Job Act of 2018, Republicans argued that businesses needed an incentive to invest more in physical capital in order for the United States to see much faster...
-
The average household income in the United States in 1975 was $13,800 and CPI was 53.8. Convert the average income in 1975 to 2018 dollars if CPI was 251.1 in 2018.
-
Suppose the typical college student spends money primarily on the products in the following table. a. What is the cost of the basket in 2019? b. What is the cost of the basket in 2020? c. What is the...
-
In 2015, Netflix increased its monthly price for new subscribers by $1. In response, someone tweeted: So tired of being a college student. Cant wait until I have a stable job and wont have a meltdown...
-
Which of the following best describes the value of business models? a. A communication tool b. A planning tool c. A process improvement tool d. A tool for managing complexity e. All of these describe...
-
Use multiplication or division of power series to find the first three nonzero terms in the Maclaurin series for each function. y = e x2 cos x
-
A 2-MVA, 4160/480-V transformer has series impedance of R = 2% and X = 6%. Determine the (1) Full-load voltage regulation of the transformer at 0.85 pf lagging and (2) Secondary output voltage on...
-
The Josie Theater, owned by Josie Micheals, will begin operations in March. The Josie will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of...
-
The financial statements of PepsiCo, Inc. are presented in Appendix A. The notes accompanying the statements contain the following selected accounts, stated in millions of dollars. Accounts...
-
The financial statements of PepsiCo, Inc. are presented in Appendix A. The notes accompanying the statements contain the following selected accounts, stated in millions of dollars. Accounts...
-
A pilot taxiing on the airport loses radio contact with ATC and then sees a flashing red light being shown at his aircraft from the Air Traffic Control Tower. What action should the pilot take?
-
Discussion questions: It is better to be a human being dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied. 1. Do you agree? Why (not)? 2. What would a...
-
Describe how to make a strong magnet out of an initially unmagnetized iron rod without using the earth or another bar magnet. Include in your instructions the materials one would need, how one could...
Study smarter with the SolutionInn App