The main trouble with variable costing is that it ignores the increasing importance of fixed costs in
Question:
‘The main trouble with variable costing is that it ignores the increasing importance of fixed costs in modern manufacturing.’ Do you agree? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Variable costing does not view fixed costs as unimportant ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Management And Cost Accounting
ISBN: 9781292436029
8th Edition
Authors: Alnoor Bhimani, Srikant Datar, Charles Horngren, Madhav Rajan
Question Posted:
Students also viewed these Business questions
-
The main trouble with variable costing is that it ignores the increasing importance of fixed costs in manufacturing companies? Do you agree? Why?
-
The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The reporting of all these costs in financial statements is called absorption costing. Absorption...
-
What is the type of the expressions computed on these two lines? 4 > 5 print (4>5)
-
Arnold exercised an incentive stock option in 2012, acquiring 1,500 shares of stock at an option price of $80 per share. The FMV of the stock at the date of exercise was $110 per share. In 2014, the...
-
Suppose the Wti, i =1, 2 are two Wiener processes. Use Itos Lemma in obtaining appropriate stochastic differential equations for the following transformations. (a) Xt = (Wt1)4 (b) Xt = (Wt1 + Wt2)2...
-
Refer to the information in Exercise 17-7 to answer the following requirements. Required 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit...
-
The preclosing trial balance for the Pension Trust Fund of Almen County at December 31, 20X8, is presented here. Prepare the Statement of Plan Net Position at December 31, 20X8, and the Statement of...
-
Prepare journal entry for December 31 adjusting entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
-
Forza San Marino Srl installed standard costs and a flexible budget on 1 January 2022. The president had been pondering how fixed manufacturing overhead should be allocated to products. Machine-hours...
-
Nor-Pharma AS manufactures three joint products from a joint process: Altox, Lorex and Hycol. Data regarding these products for the fiscal year ended 31 May 2022 are as follows: The joint production...
-
The double bond of tetrachloroethene is undetectable in the bromine test for unsaturation. Give a plausible explanation for this behavior.
-
Find an equivalent NFA from the given NFA-e. For the NFA, using the subset construction draw the equivalent DFA. E E a D
-
Write a program that checks whether the parentheses are placed correctly in an arithmetic expression. Example of expression with correctly placed brackets: ((a+b)/5-d) .Example of an incorrect...
-
A quiet town in Kansas has 2,000 people, all of whom have thesame preferences. Thereis one public good and one private goodwhich is money spent on private consumption. Each person (i) in town has...
-
A chemical engineer is investigating in certain processes, the effect of operating temperature (T) and the yield (R) of the product. In the study, a sample is taken, obtaining the following: a) To...
-
All I really need to know about how to live and what to doand how to be I learned in kindergarten. These are the things Ilearned: Share everything. Play fair. Don't hit people. Put thingsback where...
-
Use the data on heights of female and male engineering students from Exercises 6-22 and 6-29 to construct comparative box plots. Write an interpretation of the information that you see in these plots.
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
1. Based on the information given, do you think it possible to develop a cost model to estimate costs of large scale projects such as the Lake Charles project? 2. When the plant is operational, do...
-
1. As a management accountant, do you think you would have a role in evaluating use of technologies such as IoT devices? 2. Can you think how costs might be reduced by such technologies? Just-in-Time...
-
1. Can you think of business reasons why increasing inventories in advance of a busy period is a good idea? What other busy periods might electronic/technology companies experience? 2. Can you think...
-
A U.S. firm holds an asset in Great Britain and faces the following scenario: 6 CONTINUES NEXT PAGE State 1 Probability Sport Rate 30% State 2 50% State 3 20% P* $1.3/ 2500 $1.2/ 3500 $1.1/ 3200...
-
SuperGym Inc. operates a gymnasium and receives its revenue by providing gym services to members. The following represents the fully adjusted trial balance of SuperGym Inc. at March 31, 2024 before...
-
In order to determine the effect of different cost drivers on the overhead allocated and the resulting cost per unitthis problem used the vlookup function. View Accessible Table Cell C15 is = VLOOKUP...
Study smarter with the SolutionInn App