Question: How does an engineered cost differ from a discretionary cost?

How does an engineered cost differ from a discretionary cost?

Step by Step Solution

★★★★★

3.44 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Engineered costs result from a causeandeffect relationship between th... 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

24-B-C-A-B-S (12).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

How does a period cost differ from a product cost?

Q:

How do committed fixed costs differ from discretionary fixed costs?

Q:

How does the cost of MMMFs differ from the cost of MMDAs? How is the spread useful in managing the withdrawal risk of MMDAs?

Q:

How does an engineered cost differ from a discretionary cost? LO1

Q:

=+15-12 How does an engineered cost differ from a discretionary cost?

Q:

(Matching) Match the following lettered terms on the left with the appropriate numbered description on the right. a. Engineered cost b. Effectiveness c. Discretionary cost d. Committed cost e....

Q:

In 2002, Emily Tong and Mike Wallace set up EM Design and Manufacturing (''EM'') to make and sell singlets, shorts, handkerchief and other personal clothing. After an initial success, the company has...

Q:

Sports Design & Manufacturing Limited (SDM) was incorporated in 1996 to make and sell sport apparel, equipment and accessory. After a few initial years of understanding the industry and learning the...

Q:

Fabric Design Limited (It is popularly known as FDL in the market) was set up in 2010 to manufacture and sell beddings and tableware such as sheet sets and tablecloths. After close to ten years of...

Q:

make project note on all CVP Analysis and Decision Making Decision Maximum Contribution is obtained from Product Wye. So, WYE would be manufactured by ... contracting facility as spected above....

Q:

During the most recent year, the Osterman Company had the following data: Units in beginning inventory Units produced 10,000 Units Sold ($47 per unit) 9,300 Variable costs per unit: Direct materials...

Q:

Started famously in Austin in a University of Texas dorm room, Dell computer now has 24 facilities in and around Austin and employs over 18,000 workers. Dell's annual sales exceed $30 billion,...

Q:

Consider a firm of your choice. Examine what its level of expenditure on R&D could be. What should it be? And what is its actual expenditure?

Q:

On June 5, Staley Electronics purchases 200 units of inventory on account for $20 each. After closer examination, Staley determines 40 units are defective and returns them to its supplier for full...

Q:

Explain what debit and credit mean.

Q:

A home owner with a large library needs to estimate the purchase cost and replacement value of the book collection for insurance purposes. She has 44 shelves containing books, and selects 12 shelves...

Q:

The Columbia Furniture Mart manufactures desks, tables, and chairs. In order to manufacture these products, Columbia must rent the appropriate equipment at a weekly cost of $2,000 for desks, $2,500...

Q:

If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years, what annual rate of interest will Colleen earn on her investment?

Q:

What is a catalyst? How does a catalyst increase the rate of a chemical reaction?

Q:

What is the main difference between gross margin and contribution margin? Which one is the focus of CVP analysis? Explain briefly.

Q:

Fill in the blanks for each of the following independent cases. Variable Case Revenues Costs $4,250 a. b. C. d. $6,600 $3,500 $2,400 Fixed Costs Total Costs $2,975 $6,000 $1,800 Operating...

Q:

Assume the same facts as in Problem 20-32 except now there are only two trigger points: Completion of good finished units of product and Sale of finished goods. Required 1. Prepare summary journal...

Q:

Flexible Security Devices (FSD) has introduced a just-in-time production process and is considering the adoption of lean accounting principles to support its new production philosophy. The company...

Q:

To be sure that you understand how to use the tables in Appendix A at the end of this book, solve the following exercises. Ignore income tax considerations. The correct answers, rounded to the...

Q:

Assume Stocks A and B have the following characteristics: Stock A B Expected Return 9.5% 15.5% Standard Deviation 33.5% 62.5% The covariance between the returns on the two stocks is .0015. 2. Suppose...