Why do the supporters of marginal costing state that fixed costs are not to be included in
Question:
Why do the supporters of marginal costing state that fixed costs are not to be included in inventories?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Supporters of marginal costing advocate for excluding fixed costs from inventories for several reasons primarily related to the way marginal costing o...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
-
The End of the Capitalist Era, and What Comes Next: 1. Pre-reading: Read the title to figure out what is the text about and read the short biography about the author 2. While reading the text:...
-
Sometimes organizations do not have the skills or knowledge to manage a project, whether it is the whole project or parts of it. If an outside vendor or contractor is needed to help plan and/or run a...
-
Why do the supporters of behavioral finance suggest that emotions lead to inferior investment decisions?
-
is an acute angle such that tan() =1/3. What is the value of 1010. (sin + cos)? 3.
-
Hauschlager Corp. produces and supplies automotive manufacturers with the mechanisms used to adjust the positions of front seating units. Several competitors have recently entered the market, and...
-
What is the difference between system software and application software?
-
Distinguish between accounting and bookkeeping - be brief and think in terms of, say, what the differences in training would need to be for employment in those professions.
-
On January 1, 2015, Port Company acquires 8,000 shares of Solvo Company by issuing 10,000 of its common stock shares with a par value of $10 per share and a fair value of $70 per share. The price...
-
identify your own example of improper sampling from your day-to-day life (try not to repeat examples shared by your peers). Be sure to provide the sampling method used, why the sampling method is...
-
Parson Company acquired an 80 percent interest in Syber Company on January 1, 2020. Any portion of Sybers business fair value in excess of its corresponding book value was assigned to trademarks....
-
Profit under traditional costing and marginal costing system will be the same if. (a). There are no opening and closing stocks. (b). There is opening stock and no closing stock. (c). There is closing...
-
An increase in sales price. (a). Does not affect the break-even point. (b). Lowers the net profit. (c). Increases, the break-even point. (d). Lowers the break-even point.
-
Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for $58,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold...
-
A sporting goods manufacturer has decided to expand into a related business. Management estimates that to build and staff a facility of the desired size and to attain capacity operations would cost...
-
One of the scientists in your lab recently discovered that the threshold for the sample quality rate has been set too low. This has resulted in some samples being contaminated by other nearby samples...
-
Read the paper Neuronlike Adaptive Elements that Can Solve Difficult Learning Control Problems by Barto, Sutton and Anderson that is referenced in the notebook and provide a one page summary. You...
-
For the following program: Execute the program by single steps. For each step write vales of registers IP, AX, CX, SI, DI, and Flag. MOV CX,0200H MOV AX, OD2A4 H XCHG AX, CX MOV SI,100H MOV DI,120H...
-
How do organizations leverage social network analysis and collaborative analytics to identify key influencers and brokers within their collaboration ecosystems, enhancing coordination and knowledge...
-
Listed below are the numbers of home runs in major league baseball for each year beginning with 1990 (listed in order by row). Is there a trend? Dotplots. In Exercises 11 and 12, construct the...
-
At 31 December 20X9, the end of the annual reporting period, the accounts of Huron Company showed the following: a. Sales revenue for 20X9, $ 2,950,000, of which one- quarter was on credit. b....
-
Sales budget, service setting. In 2009, McGrath & Sons, a small environmental-testing firm, per: med 11,000 radon tests for $250 each and 15,200 lead tests for $200 each. Because newer homes are...
-
Sales and production budget. The Mendez Company expects sales in 2010 of 200,000 units of serving trays, Mendezs beginning inventory for 2010 is 15,000 trays; target ending inventory , 25,000 trays....
-
Direct material budget Inglenook Co. produces wine. The company expects to produce 2500,000 two-liter bottles of Chablis in 2010. Inglenook purchases empty glass bottles from an outside vendor. Its...
-
As altitude increases, does air pressure increase or decrease and Why. And what is the average barometric (air) pressure at sea-level?
-
The Paige Company wants to develop a cost equation to determine its total electricity cost for a given month. It has determined that kilowatt hours used is the best predictor of electricity cost. It...
-
The Olson Company reports a $ 1 1 6 , 0 0 0 figure that is labeled capital stock on its balance sheet. What information is being communicated?
Study smarter with the SolutionInn App