Companies that make no variable-cost/fixed-cost distinctions must use absorption costing, and those that do make variable-cost/fixed-cost distinctions
Question:
Companies that make no variable-cost/fixed-cost distinctions must use absorption costing, and those that do make variable-cost/fixed-cost distinctions must use variable costing. Do you agree? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
No A company that makes a variablecostfixedcost distinct...View the full answer
Answered By
Jeff Omollo
As an educator I have had the opportunity to work with students of all ages and backgrounds. Throughout my career, I have developed a teaching style that encourages student engagement and promotes active learning. My education and tutoring skills has enabled me to empower students to become lifelong learners.
5.00+
5+ Reviews
52+ 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
-
Explain how throughput costing differs from absorption and variable costing.
-
Explain the main conceptual issue under variable and absorption costing regarding the proper timing for the release of fixed manufacturing overhead as expense.
-
Explain when companies are likely to use a job costing system or a process costing system. Provide examples.
-
Zainab company has sold goods on credit RO 55,000 on 31st December 2020 and received RO 15,000 towards credit sales. The company had debit balance of RO 5500 and the balance in accounts receivable...
-
Aluminum and calcium have photoelectric work functions of WAl = 4.08 eV and WCa = 2.87 eV, respectively. (a) Which metal requires higher-frequency light to produce photoelectrons? Explain. (b)...
-
Can most firms be classified as rapid-growth firms? Explain your answer.
-
How much gas? Joan is concerned about the amount of energy she uses to heat her home. The graph below plots the mean number of cubic feet of gas per day that Joan used each month against the average...
-
Focus group research conducted by advertising agencies like Leo Burnett shows that Asias youngsters (the proverbial Xgeneration) mimic American trends, but at the same time, they are pretty...
-
Manufacturing Accounts The following information was extracted from the books of Cash and Carry enterprises business owned by Mr. James Onyango at 31 Dec 2016 Sh Sh Purchase of raw materials...
-
Sirius XM Radio Inc. is a satellite radio company, formed from the merger of Sirius and XM in 2008. Exhibit 3.20 presents a statement of cash flows for Sirius XM Radio for 2006, 2007, and 2008....
-
Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.
-
The main trouble with variable costing is that it ignores the increasing importance of fixed costs in manufacturing companies? Do you agree? Why?
-
What is the electric field amplitude associated with the light from a red laser pointer? Assume a power of 0.10 mW with a wavelength of 600 nm.
-
For the past 30 years, the average satisfaction rating for a sushi restaurant has been 3.9 out of 5. If the rating for a sample of 256 people is 4.1 with a standard deviation of 0.5, the critical...
-
Hash collisions occur when more than one item is mapped to the same element in Hash Table's array. What is one way that a Hash Table can handle collisions?
-
Scatterplot. In Exercises 5-8, use the sample data to construct a scatterplot. Use the first variable for the x-axis. Based on the scatterplot, what do you conclude about a linear correlation? Pulse...
-
Given two fair six sided dice and a standard deck of 52 playing cards, calculate the probability of a rolling a sum of 7 or 11 and drawing three cards in which at least one is a face card.
-
z Scores. In Exercises 5-8, express all z scores with two decimal places. 5. Diastolic Blood Pressure of Females For the diastolic blood pressure measurements of females listed in Data Set 1 "Body...
-
What is a quasi-experiment? Cross-sectional design
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
In certain polar solvents, PCl 5 undergoes an ionization reaction in which a Cl - ion leaves one PCl 5 molecule and attaches itself to another. The products of the ionization are PCl 4 + and PCl 6 -...
-
How can management accounting information help managers formulate strategies?
-
Management accounting should not align with the restrictions inherent in financial accounting. Explain with a relevant example.
-
Contemporary Interiors (CI) manufactures high-quality furniture in factories in North Carolina for sale to top American retailers. In 2005, CI purchased a lumber operation in Indonesia, and shifted...
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App