Distinguish between, and provide an illustration of: (i) Avoidable and unavoidable costs; (ii) Cost centres and cost
Question:
Distinguish between, and provide an illustration of:
(i) ‘Avoidable’ and ‘unavoidable’ costs;
(ii) ‘Cost centres’ and ‘cost units’.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Avoidable Costs Avoidable costs are those costs that can be eliminated at the time of zero production In other words we can say that those costs which ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Define a change in estimate and provide an illustration.
-
Merck KGaA is a Germany-based company, operating in the pharmaceutical and chemical business sectors. We provide an excerpt from the consolidated balance sheet. Consolidated balance sheet (excerpt)...
-
Distinguish between a Type I and Type II error.
-
1. Consider a local department store which only sells jeans (J) and sweaters (S). Jeans cost $20 and sweaters cost $30. For each of the examples below, graph the budget constraint our consumer faces,...
-
The compound KSCN is a source of thiocyanate ion. (a) Write the two most stable Lewis structures for thiocyanate ion and identify the atom in each that bears a formal charge of -1. (b) Two...
-
Under what conditions might we accept a low reliability coefficient for a psychological measure?
-
Use the financial data for Randa Merchandising, Inc., in Exercise 13-13 to prepare its income statement for calendar-year 2017. (Ignore the earnings per share section.) Data From Exercise 13.13 In...
-
Carter Enterprises can issue floating-rate debt at LIBOR +2 percent or fixed-rate debt at 10.00 percent. Brence Manufacturing can issue floating-rate debt at LIBOR +3.1 percent or fixed-rate debt at...
-
The demand curve for cookies is a rightward curve and the quantity demanded is 100 when the price of cookies is $2.00. What happens to consumer surplus when the price is $3.00? What happens to...
-
In Problem 3, what is the preferred choice if the preference function discussed in Problem 7 holds?
-
How can uPromote.com help you with your sales promotions efforts (visit www.upromote.com )? What kind of marketing budget would you need to take advantage of its services? What kind of company would...
-
(a) From the data below, you are required: (i) To prepare a schedule to be presented to management showing for the mileages of 5000, 10 000, 15 000 and 30 000 miles per annum: 1. Total variable cost;...
-
In Exercises 3336, use possible symmetry to determine whether each graph is the graph of an even function, an odd function, or a function that is neither even nor odd. ------ -2, y CI (0,4) 2 14...
-
What is the output of the following C Program? int main() { static char names[5][20]={"Orlando","Atlanta", "Austin","New York","Los Angeles"}; int i; char *t; t-names[3]; names[3]=names[4];...
-
Each time you record a new entry, resave the document with the same filename. During the last week of the course, you will upload the document and submit it for grading. You will also review your...
-
Analyze Constellation Brands Horizontal Income Statement. Provide explanation of the changes in gross profit.. Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $...
-
What symptoms could you observe in a person suffering from pellagra?
-
Distinguish between a small business and an entrepreneurial venture. If you were to start your own business, which would you wish it to be? Why? Discussion Requirements: Initial response is due by...
-
Pop Company acquired a 30 percent interest in Son on January 1 for $500,000 cash. Assume the cost of the investment equals the fair value of Son's net assets. Pop assigned the $125,000 excess of fair...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
Duo plc produces two products, A and B. Each has two components specified as sequentially numbered parts, i.e. product A (parts 1 and 2) and product B (parts 3 and 4). Two production departments...
-
ABC plc, a group operating retail stores, is compiling its budget statements for the next year. In this exercise revenues and costs at each store A, B and C are predicted. Additionally, all central...
-
Excel Ltd make and sell two products, VG4U and VG2. Both products are manufactured through two consecutive processes - making and packing. Raw material is input at the commencement of the making...
-
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual...
-
Which of the following code segments will correctly create an instance of an Item class? public class Item { private String name; private double price; public Item (double a, String b) { name = b;...
-
What is the year in which JPMorgan Chase Bank N.A. was established?
Study smarter with the SolutionInn App