Explain why a lean organisation would refuse to implement an absorption costing system.
Question:
Explain why a lean organisation would refuse to implement an absorption costing system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
A lean organisation would refuse to implement an absorption costing system as such organisations co...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ 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
-
JYD Corporation uses an absorption costing system for internal reporting purposes. At present, however, it is considering to use the variable costing system. Following are some data regarding JYD...
-
The Mavis Company uses an absorption costing system based on standard costs. Total variable manufacturing cost, including direct material cost, is $3 per unit; the standard production rate is 10...
-
Explain the difference between absorption costing and variable costing. Why do internal users need variable costing information?
-
What are some ways that the antibody-protein complex can be visualized in ELISA or western blots?
-
Identify the three categories of delinquency prevention programs and give an illustration of each.
-
Prove Remark 10.5, i.e. prove the linearity of the integral. Data from remark 10.5 If u(x) = v(x) is defined in R for all x EX-i.e. if we can exclude '-' - then Theorem 10.4(i), (ii) just say that...
-
What is the approximate capacitance of the cell membrane? A. \(20 \times 10^{-11} \mathrm{~F}\) B. \(10 \times 10^{-11} \mathrm{~F}\) C. \(5.0 \times 10^{-11} \mathrm{~F}\) D. \(2.5 \times 10^{-11}...
-
Stevie McQueen has run Lightning Car Detailing for the past 10 years. His static budget and actual results for June 2011 are provided next. Stevie has one employee who has been with him for all 10...
-
Creative Solutions Corporation issued 1 , 0 0 0 shares to MacKay in exchange for $ 1 2 , 0 0 0 . Creative Solutions Corporation borrowed $ 3 0 , 0 0 0 from the bank, promising to repay it in two...
-
Xinran, who is married and files a joint return, owns a grocery store. In 2021, his gross sales were $276,000, and his operating expenses were $320,000. Other items on his 2021 return were as...
-
What is throughput costing? How is it linked to lean accounting?
-
Proponents of the TOC suggest that it is problematic to make decisions based entirely on resource consumption (that is, the ABC system) because there is no guarantee that the spending to supply...
-
(new) If the defendants cannot prove who was responsible for each percentage of damages, who is liable?
-
The Taylors have purchased a $210,000 house. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 7 %/year on the unpaid balance. Interest...
-
Consider a bond that has 10 years to maturity. The bond's annual coupon rate is 6%, and its face ents-with value is $1,000. The required rate of return on other investments with similar...
-
An investor buys a property for $654,000 with a 25-year mortgage and monthly payments at 6.1% APR. After 18 months the investor resells the property for $712,913. How much cash will the investor have...
-
iBank located in Singapore has the following balance sheet (in million): < Assets < Cash Duration < S$20 Interbank loans S$40 1 year Loans < S$240 5 years T-Bill S$100 Total assets: < S$400 < 1 year...
-
In order for Comac, a Chinese state-owned aerospace manufacturer, to build the C919, the government of China conducted numerous cyber attacks. The purpose of these hacking attacks was to steal...
-
An electron is moved from point A, where the electric potential is VA = 240 V, to point B, where the electric potential is VB = 360 V. What is the change in the electric potential energy?
-
Could the owner of a business prepare a statement of financial position on 9 December or 23 June or today?
-
Consider the following situation: Your manager comes to you and says, I dont understand why everyone is talking about the total-life-cycle costing approach to product costing. As far as I am...
-
Gregoire Grant is a traditional manufacturing manager who is concerned only with managing costs over the manufacturing cycle of the product. He argues that since traditional accounting methods are...
-
Calcutron Company is contemplating introducing a new type of calculator to complement its existing line of scientific calculators. The target price of the calculator is $75; annual sales volume of...
-
3. Consider a Cache with nominal size 512KByte, and 4 words per block. The main memory address is 32 bits wide. How many blocks does it hold? How many bits would the offset need? Consider these...
-
1. Consider the MIPS pipeline discussed in class, suppose the register between the Instruction Decode and Execute stages were removed. a. How would this affect the clock cycle? b. What is the speedup...
-
Translate the following expressions into postfix notation: a. x + y *z (x + y) *z x-y-z* (a+b) b. c. d. (a+b)*c (d+ef/((g/h+i-j) *k))/r
Study smarter with the SolutionInn App