Discuss the different methods that an organisation can use to determine standard costs.
Question:
Discuss the different methods that an organisation can use to determine standard costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
There are two different types of standards 1 Ideal standard assumes per...View the full answer
Answered By
Rukhsar Ansari
I am professional Chartered accountant and hold Master degree in commerce. Number crunching is my favorite thing. I have teaching experience of various subjects both online and offline. I am online tutor on various online platform.
5.00+
4+ Reviews
17+ Question Solved
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Question Posted:
Students also viewed these Business questions
-
Discuss the different methods available for a project team to use when reporting how much work has been completed on a particular task and how much is left to do.
-
Discuss the different methods of business ownership?
-
List the different methods that can be used for a ground survey to perform a mapping survey.
-
Apply normalization (1NF, 2NF and 3NF) of the system description given below and justify why relation needs 1NF, 2NF, and 3NF or not. At the end shift normalized data into Un-Normalized Data. S ystem...
-
On November 1, 2014, Fastfoot Industries collected $12,000 from a customer for services to be provided in the future. On December 31, 2014, Fastfoot's year-end, it was determined that $3,000 of this...
-
If a number is less than six minus twice its opposite, what are the possible numbers?
-
A 20-cm-circumference loop of wire has a resistance of \(0.12 \Omega\). The loop is placed between the poles of an electromagnet, and a field of \(0.55 \mathrm{~T}\) is switched on in a time of \(15...
-
Which concepts from the chapter explain why Porsche sold so many lower-priced models in the 1970s and 1980s? Porsche (pronounced Porsh-uh) is a unique company. It has always been a niche brand that...
-
Pls help 1. Find the partial derivatives with respect to x and t for the function: r(x,t) = ax + bt (where a and b are constants). 2. Find the partial derivatives with respect to x and t for the...
-
You, CPA, work as a consultant on various engagements. Your client, Over The Edge Ltd. (OTE), has grown from a small custom snowboard manufacturer servicing the local market to a multinational...
-
How can the use of absorption costing lead managers to make dysfunctional decisions for the entity?
-
Discuss the behavioural issues that need to be considered when establishing a standard cost.
-
A farm boy studding physics believes that he can fit a 15.0-m-long pole into a 12.0-m-long barn if he runs fast enough (carrying the pole). Can he do it? Explain in detail. How does this fit when the...
-
6) You form a complete portfolio by investing $6,000 in S&P 500 and $4,000 in the risk- free security. Given the information about S&P 500 and the risk-free security on the table, figure out the...
-
(a) A local area network (LAN) comprising switches, hubs and PCs are interconnected as shown in Figure Q4. 9.9. HUB 0000 A B T (ii) On average, what is the effective bandwidth of: Stations A Stations...
-
How many major nonprofit subsectors are recognized by the IRS? Explain
-
Selected financial data, as of year end, December 31, for Fancy Fashion, a children's retail store, follows. Credit sales Women's clothing $ 590,000 Men's clothing $ 190,000 Total sales Women's...
-
In the spin cycle of a clothes washer, the drum turns at 635 rev/min, if the lid of the washer is opened, the motor is turned off. If the drum requires 8.0 s to slow to a stop, what is the angular...
-
In the circuit shown, assume the battery emf is 20.0 V, R = 1.00 MΩ, and C = 2.00μF. The switch is closed at t = 0. At what time t will the voltage across the capacitor be...
-
Under what conditions is the following SQL statement valid?
-
Tenneco, Inc., produces three models of tennis rackets: standard, deluxe, and pro. Following are the sales and cost information for 2011: Fixed manufacturing support costs are $800,000, and fixed...
-
The following information pertains to Torasic Companys budgeted income statement for the month of June 2011: Sales (1,200 units at $250) $300,000 Variable cost 150,000 Contribution margin $150,000...
-
Breakeven point, what-if analysis Air Peanut Company manufactures and sells roasted peanut packets to commercial airlines. Following are the price and cost data per 100 packets of peanuts:...
-
How do invasive species disrupt native food chains and alter trophic interactions through predation, competition, and habitat modification, and what are the ecological consequences of invasive...
-
Triggers are important. For MyVega.com, please tell me 5 different types of triggers that you can use. And Describe briefly how each of the 5 different types of triggers work.
-
1. Discuss and explain in detail why top management commitment is crucial for project managers? 2. Describe and discuss the four basic response strategies for negative risks? Write a separate...
Study smarter with the SolutionInn App