Give three factors that will affect the classification of a cost as direct or indirect.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
Factors affecting the classification of a ...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
Management and Cost Accounting
ISBN: 978-1405888202
4th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
Question Posted:
Students also viewed these Managerial Accounting questions
-
Name three factors that will affect the classification of a cost as direct or indirect.
-
The following scenario and analytical information describe a company. Three sets of facts are presented about this company. At the end of each set, perform a brainstorming analysis identifying all...
-
Custiss & Branch, CPAs, is considering whether to propose to perform the audit of BF Hemings Enterprises. The company is a large manufacturer of plumbing materials and hardware whose products are...
-
List three common situations that suggest that relations be denormalized before database implementation.
-
Janutis Co. has just issued fixed rate debt at 10 percent. Yet, it prefers to convert its financing to incur a floating rate on its debt. It engages in an interest rate swap in which it swaps...
-
Cee & Co.s fiscal year begins April 1. At the beginning of its fiscal year, Cee & Co. estimates that it will owe $17,400 in property taxes for the year. On June 1, its property taxes are assessed at...
-
A piece of cloth is discovered in a burial pit in the southwestern United States. A tiny sample of the cloth is burned to CO 2 , and the 14 C/ 12 C ratio is 0.250 times the ratio in todays...
-
Following are the auditor's calculations of several key ratios for Cragston Star Products. The primary purpose of this information is to understand the client's business and assess the risk of...
-
In calculating the projected misstatement in monetary unit sampling, accounts with a book value larger than the sampling interval are extended to the projected misstatement at their: Multiple Choice...
-
During a recent IRS audit, the revenue agent decided that the Parker family used their closely held corporation, Falco, to avoid shareholder tax by accumulating earnings beyond the reasonable needs...
-
Describe how a given cost item can be both a direct cost and an indirect cost.
-
Describe how service-, merchandising- and manufacturing-sector companies differ from each other.
-
Entity A, acquired entity B, which operated a TV channel. Entity B negotiates the sale of air time directly with advertisers who are mostly big companies. Advertisement contracts are negotiated...
-
Consider rent control policies in the rental housing market and the negative aspects of this government intervention. Using what you have learned about DWL and welfare analysis; specifically discuss...
-
(a) Calculate QW and WQ. (b) Compute [Q, W]. (c) Compute trQ, trW, and tr[Q, W]. (d) Calculate det Q and det W. (e) Calculate the inverse Q-. Simplify the result so that no complex numbers are in the...
-
A dimerization reaction of 2 R molecules occurs on a catalyst surface to form a product P. The reaction proceeds through the following mechanism: (1) R(g) +* R* (2) 2R* P*+ * (3) P = P(g) + *...
-
On the last day of April, when the high temperature is 56 (Fahrenheit), you want to estimate the distribution of the high temperature on May 10. To do this, you estimate that the distribution of each...
-
In 2016 a group of three well-traveled individuals came together with an idea to start a business: Ari, an English teacher in the Sapa region of Vietnam; Luiz, a tour guide for a tourism outfit based...
-
On July 1, 2018, the Southwest Forging Corporation arranged for a line of credit with the First National Bank (FNB) of Dallas. The terms of the agreement call for a $100,000 maximum loan with...
-
Catherine (aged 42) and Johnson (aged 45) have been married for 12 years. Johnson is a project manager of an event company at a monthly salary of $55,000 with an additional one-month salary of...
-
York plc was formed three years ago by a group of research scientists to market a new medicine that they had invented. The technology involved in the medicine's manufacture is both complex and...
-
'I remember being told about the useful decision making technique of limiting factor analysis (also known as "contribution per unit of the key factor"). If an organization is prepared to believe...
-
Short flower Ltd currently publishes, print and distribute a range of catalogues and instruction manuals. The management has now decided to discontinue printing and distribution and concentrate...
-
Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Number of orders Units per order Sales returns: Number of returns Total units...
-
Starting next year you plan on saving for a trip 10 years from now. You plan to save a $1000 a year from year 1 to year 9 because in year 10 there is no point in putting money away if you are going...
-
Write a C++ program to implement a stack using linked lists and provide functions for push, pop, and peek operations.
Study smarter with the SolutionInn App