(a) Distinguish between cost allocation, cost apportionment and cost absorption, (b) Explain in brief various methods for...

Question:

(a) Distinguish between cost allocation, cost apportionment and cost absorption,

(b) Explain in brief various methods for apportionment of service department’s cost over production departments.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Management Accounting Text Problems And Cases

ISBN: 9781259026683

6th Edition

Authors: M Y Khan, P K Jain

See More Books

Question Posted: Mar 08, 2024 02:00 AM

See More Questions

"internet radios" for streaming audio, and personal video recorders and players. Describe design and evaluation processes that could be used by a start-up company to improve the usability of such...
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
Describe the Spanish Theocratic Rule during Spain's colonial era in the Philippines?
Percy Wilson is a calendar year taxpayer. What is the un-extended filing date of Percy Wilson's 2017 federal income tax return if: a. Percy Wilson Inc. is a corporation? b. Mr. Percy Wilson is an...
For each of the how much decisions listed in Table 9-3, describe the nature of the marginal cost and of the marginal benefit.
North Shore Architectural Stone, Inc., a company that installs limestone in residential and commercial buildings, agreed to supply and install limestone for a property owned by Joseph Vitacco. North...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. @ $ 5 per Ib.) . . . . . . . . . $ 30 Direct labor (2 hrs. @ $ 17 per hr.) . . . . . . . . . . 34...
Assistant please, 1) Discuss two impacts to the Database management process by the Data definition language (DDL) and Data manipulation language (DML). 2) Share with a business partner two...
Describe how costs are allocated under the direct method, the step method, and the algebraic method.
What do you understand by the terms production department and service department? Explain the rationale for allocating the service department costs to production departments. Using your own figures,...
Find the points on the graph of x 2/3 + y 2/3 = 1 where the tangent line has slope 1.
Vandalay Industries is considering the purchase of a new machine for the production of latex. Machine A costs $1,970,000 and will last for 4 years. Variable costs are 38 percent of sales, and fixed...
A fully charged defibrillator contains 1.20 kJ of energy stored in a 1.10 x10-4 F capacitor. In a discharge through a patient, 6.00 x102 J of electrical energy is delivered in 3.50 ms. (a) Find the...
The following information pertains to a manufacturing company for last year: Planned production 72,000 units Actual production and sales 70,000 units Selling price $ 40 per unit Variable...
1-Assume that over the past 100 years IBM had 30 years with a -10% return, 40 years with a 5% return, and 30 years with a 15% return. What is the sample standard deviation of IBM? 2-Assume that the...
A project is expected to sell one million units initially at a price per unit of $16.50 and a cost per unit of $6.50. Units sold will increase by 10% each year over the project's 3 year life....
If in Prob. 5 you draw without replacement, does the probability decrease or increase? First think then calculate.
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
Discuss the impact of changes in the size and use of technology in the 1829 age group on marketing strategy planning in the United States.
Name three specific examples of firms that developed a marketing mix to appeal to senior citizens.
Explain the product-market screening criteria that can be used to evaluate opportunities.
r exp(10/2). Here z = Let log(z) denote the branch of the logarithm with imaginary part lying in (-, ] and let z = exp(log(z)/2) = r exp(ie), r > 0, < 0 , and r refers to the positive square root of...
At a bank, services offered include home loans, personal loans and savings accounts. The home loans process has a demand of 13 customers per day. The personal loans process has demand of 8 customers...
How can you stay positive at work while things are changing?

(a) Distinguish between cost allocation, cost apportionment and cost absorption, (b) Explain in brief various methods for...

Question:

Step by Step Answer:

Management Accounting Text Problems And Cases

Students also viewed these Business questions