Discuss the role of contribution in marginal costing in decisions relating to fixation of selling price.
Question:
Discuss the role of contribution in marginal costing in decisions relating to fixation of selling price.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
In cost accounting marginal costing is a technique used to analyze and make decisions about various aspects of a business including the fixation of se...View the full answer
Answered By
User l_973071
I have a Bachelor of Science degree with a focus on biological, social, and mathematical fields. Throughout my academic journey, I have gained valuable knowledge and practical experience in these areas, enabling me to develop a well-rounded understanding of the subjects.
In the field of biology, my education has equipped me with a strong foundation in various sub-disciplines, such as molecular biology, genetics, physiology, and ecology. I have gained hands-on experience in laboratory techniques, data analysis, and scientific research methods. This has allowed me to explore the intricacies of the biological world, from the microscopic level of cells to the broader ecosystem dynamics.
Regarding social sciences, my coursework has encompassed subjects like psychology, sociology, and anthropology. I have delved into the complexities of human behavior, societal structures, and cultural influences. This multidisciplinary approach has broadened my perspective on how individuals and communities function, interact, and shape the world around them.
Mathematics has been an integral part of my academic journey as well. Through my studies, I have developed a solid understanding of various mathematical concepts, including calculus, statistics, and algebra. I have honed my problem-solving skills and analytical thinking, which are essential in tackling complex mathematical and scientific challenges.
In addition to my formal education, I have also gained tutoring experience in these fields. I have worked as a tutor, assisting students with their coursework, assignments, and exam preparation. This experience has allowed me to effectively communicate complex concepts in a clear and concise manner, adapting my teaching style to suit the needs of each student. I find great satisfaction in helping others understand and appreciate the subjects I am passionate about.
Overall, my education and tutoring experience in the biological, social, and mathematical fields have shaped me into a knowledgeable and versatile individual. I am eager to continue expanding my expertise in these areas, while also sharing my knowledge with others to foster a deeper understanding and appreciation of the sciences.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Discuss the role of price in the marketing strategy for Rolex watches. Contrast Timexs price strategy with Rolexs strategy.
-
Discuss the role of future events in the following revenue and expense recognition situations. a. Modification of terms under troubled debt restructuring in SFAS No. 114. b. Pension accounting...
-
Discuss the role of costs in setting final prices.
-
37) Because of inability to pay its debts, the Lou Gi Manufacturing Company has been forced into bankruptcy as of April 1, 20x7. The balance sheet on the date shows: Assets Cash Accounts Receivable...
-
Takada Company makes racing bicycles. Its Lightning model is considered the top of the line in the industry. Three months ago, to improve quality and reduce production time, Takada Company purchased...
-
How would you characterize Timberlands exercise of its corporate power in society? Is Timberland using its influence responsibly? If so, how?
-
Managers must be problem-solvers but are not always decision-makers. Do you agree? Disagree? Provide an example that clarifies your position.
-
Caustic Chemicals management identified the following cash flows as significant in their year end meeting with analysts: During the year Caustic repaid existing debt of $312,080 and raised additional...
-
A set S R^n is convex if for all x, y S and t [0, 1], we have (1 t)x + t y S (in other words, if S contains the points x and y, it contains the entire line segment between them). (a) If W R^n is a...
-
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
-
Margin of safety is referred to as. (a). Excess of budgeted or actual sales over the variable expenses and fixed expense, at break-even. (b). Excess of budgeted or actual sales revenue over the fixed...
-
Within a relevant range, the amount of variable costs per unit. (a). Differs at each production level. (b). Remains constant at each production level (c). Increases as production increases. (d)....
-
In an attempt to reduce direct material costs, a company may be tempted to use less expensive materials from a different supplier with an introductory cost offer. Given the objective of cost-benefit...
-
Evaluate the expression B. tan 12
-
Find the domain -3x+6 for x
-
2. (a). (b) An angle-modulated signal is given by x(t) = 4 sin (2106t + 60 sin 210+) (i) Find the instantaneous frequency of the signal in Hertz. (ii) Find the frequency deviation Af in Hertz. (iii)...
-
3-Write MIPS assembly for the following function. Assume N is passed to your function in register $a0. Your output should be in register $10 at the end of your function. Note: You must implement this...
-
How to include an argument/parameter variable to this existing code? # Constant variables assignmentweight= 0.3 quizweight= 0.3 examweight= 0.4 def calculateGPA(): #Input the student's name...
-
Use the frequency distribution from Exercise 23 in Section 2-2 to construct a frequency polygon. Applying a loose interpretation of the requirements for a normal distribution, do the magnitudes...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Activity-based costing, service company Quikprint Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Quikprint classifies its various printing jobs as...
-
Allocation of costs to activities, unused capacity. Harmon Academy, a private school for boys, serves 500 students: 200 in the middle school (grades 68) and 300 in the high school (grades 912). Each...
-
ABC, retail product-line profitability. Family Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It...
-
The Gryffin Company started operations this year and reported the following information at the end of the year (i.e. ending balances after all transactions have already been recorded and summarized):...
-
Required: 1. Suppose that on January 1, 2020, Boeing sells one of its 777 series planes to Singapore Airlines on account-its first and only transaction on the first day of the fiscal year. The sales...
-
Discuss the important factors relating to any particular source of new finance from the point of view of the enterprise and its existing owner(s) as well as the providers of new finance? 4.2...
Study smarter with the SolutionInn App