Question: Explain why changes in value stream profitability may be better information than individual product cost for certain decisions.

Explain why changes in value stream profitability may be better information than individual product cost for certain decisions.

Step by Step Solution

★★★★★

3.44 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Value streams often have excess capacity In certain decis... View full answer

blur-text-image
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)

Word file Icon

101-B-C-A-L-A (12).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

Explain why changes in accounting policies and corrections of errors have an effect on retained earnings.

Q:

Explain why changes in minimum wage can affect higher-paid employees as well.

Q:

Explain why changes in consumption are unpredictable if consumers obey the permanent-income hypothesis and have rational expectations.

Q:

There have been complaints about Standard Costing. While standard costs are admittedly a budget per unit (which can be a good thing), the use of standard costs generally do not promote reducing...

Q:

Each Value Stream (which is a family of similar products) is evaluated like a separate business within the larger company. Accountants dont have to worry about allocating overhead to products because...

Q:

Explain why changes in value stream profitability may be better information than comparing individual product costs to standard costs for certain decisions.

Q:

Lean Accounting Assignment Explain why changes in value stream profitability may be better information than comparing individual product costs to standard costs for certain decisions.

Q:

Each Value Stream (which is a family of similar products) is evaluated like a separate business within the larger company. Accountants dont have to worry about allocating overhead to products because...

Q:

Explain why changes in value-stream profitability may be better information than individual product cost for certain decisions. LO1

Q:

In lean accounting, why do changes in value stream profitability provide better information when compared to individual product costs to standard costs for certain decisions?

Q:

Explain the impact on the implied repo rate of changing from the bid to the offer futures price of the longer-dated futures contract?

Q:

An existing company (Widad ltd) decides to invest in new line of product at the beginning of year 2019. The investment consists on an equipment which will cost 90 000 plus 10 000 for installation....

Q:

What is the positive result of creating a good financial statement? Your projections will be 1 0 0 percent accurate nearly every time You projections will be fairly accurate but you will still need...

Q:

What are the largest investing cash flow and the largest financing cash flow reported by the company for the year ended February 1, 2020?

Q:

Peter Hennings, manager of a Cosmetics Division, had asked Laura Gibson, divisional controller and CMA, to meet with him regarding a recent analysis of a capital budgeting proposal. Peter was...

Q:

Jonfran Company manufactures three different models of paper shredders including the waste container, which serves as the base. While the shredder heads are different for all 3 models, the waste...

Q:

Mallette Manufacturing, Inc., produces washing machines, dryers, and dishwashers. Because of increasing competition, Mallette is considering investing in an automated manufacturing system. Since...

Q:

MGF 1106 Math SECTION 10.2 Counting MGF1106- Ref #668405 Homework: Section 10.2 work Sa Homework made he Score: 0 of 1 pt 20 of 27 (1 complete) W Score: 3.7%, 10.2.49 Question Help Section For $3.98...

Q:

A function returns 30, another function returns 50. Write a java program which will display subtraction value from bigger number to smaller

Q:

QUESTION 4 [28] (a) Refer to QUESTION 3. Let T, = max(X1, X2, ..., Xn]. Given: The probability density function of T, is 2nt2n-1 8(110) = A 2n if0