Give an example of a management planning question for which it would be useful to classify costs
Question:
Give an example of a management planning question for which it would be useful to classify costs as direct and indirect.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
A direct cost is a price that can be directly tied to t...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial And Management Accounting An Introduction
ISBN: 9781292244419
8th Edition
Authors: Pauline Weetman
Question Posted:
Students also viewed these Business questions
-
Give an example of a management control question for which it would be useful to classify costs as period and product costs.
-
Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that you made that had a good outcome. Why was each decision good or bad?
-
Give an example of a manufacturing firm where labor is a major cost component. Give another example in which labor is a negligible part of total manufacturing cost. How do you reconcile these...
-
QUESTION THREE The following is an extract of a trial balance of Ruslan-Ford Partners as at 28 February 2023 Capital: Ruslan Capital: Ford Current account: Ruslan 01/03/2022 Current account: Ford...
-
Ying invested $5000 into an account earning 2.75% interest compounding daily for two years. (a) Find the balance of the account at the end of the period. (b) How much interest is earned? (c) What is...
-
Bento Cuisine is a lunch-cart business. It occupies a street corner in Texarkana, a city that straddles the border of Arkansas and Texas. Across the street and across the state line, which runs down...
-
What are the differences between a firms physical assets and its intellectual assets? Why is it important for entrepreneurs to understand these differences?
-
The Manor Corporation has $500,000 of debt outstanding, and it pays an interest rate of 10% annually: Manors annual sales are $2 million, its average tax rate is 30%, and its net profit margin on...
-
12345 1 2 3 4 5 6 7 8 819 9 10 Define production system and explain types of productions system? Distinguish between product layout and process layout? Explain the principles of good plant layout?...
-
A researcher suspected that the number of between meal snacks eaten by students in a day during final examinations might depend on the number of tests a student had to take on that day. The...
-
The group is the management team of a supermarket chain operating ten shops in out-of-town locations. Each member of the group should choose a management role, one of which must be the financial...
-
You are the management team in a business which makes self-assembly kitchen units and sells them to large do-it-yourself stores. One person should take on the role of the financial controller but the...
-
Examine the first two derivatives of the function g(p) = p(1 p) to verify the claim on p. 305 that p(1 p) 1/4 for 0 < p < 1.
-
As a successful entrepreneur and CEO, you are considering making some financial decisions for your engineering company. Examining the financial report of your company, you notice: . The upgrade of...
-
The interest rate is fixed at 10%. You are offered an asset that pays $1,000 from now until eternity at yearly intervals. You find its present value by calculating the sum of the discounted annual...
-
$28.95- charged for it yesterday!" said Shana, the Dining Room manager at Chez Paul's restaurant. "It's even more than our highest priced steak! that's almost ten dollars more than we on to control...
-
A 5-year housing project costing P500,000 is projected to give the following annual returns: Year 1 - P 75,000 Year 2 - 150,000 Year 3 - 225,000 Year 4 - 300,000 Year 5 - 350,000 Will you accept the...
-
You must design and deploy a DNS namespace that will be the most appropriate for the company network and supports an external presence (Segment A) and an Active Directory domain (segment B). Segment...
-
If the mass of the drop is 1.0 1015 kg and it remains stationary when the potential difference between the plates is 9.76 kV, what is the magnitude of the charge on the drop? (Ignore the small...
-
Why is a help desk and production support critical to system implementations? Discuss its interrelationship with the problem management and reporting system.
-
Explain how the structure of the income statement (profit and loss account) represents a subsection of the accounting equation?
-
Explain how the structure of the income statement (profit and loss account) represents a subsection of the accounting equation?
-
List three features of a statement of financial position (balance sheet) which are particularly useful in making the format helpful to readers?
-
Identify a feature of discrimination in the United States. Multiple choice question. It operates simultaneously at several levels. It does not reside in the actions of individuals. It cannot be seen...
-
What is to be delivered throughout the project? What are key milestones to be throughout the life of the project? List the activities and tasks and indicative completion dates for the project.
-
Assume a company's upcoming dividends are $1.5 per share, and is expected to growth at an annual rate of 2%. Its cost of equity is 6%, and its upcoming earnings per share is expected to be $2. This...
Study smarter with the SolutionInn App