Value-added costs are those that customers are willing to pay for and that are necessary for the
Question:
Value-added costs are those that customers are willing to pay for and that are necessary for the organization. Give examples of value-added and non–value-added costs for each of the following:
a. University
b. Day-care center
c. Hospital
d. Shoe store
e. Plant nursery
f. Movie theater
g. Bowling alley
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
2a University Nonvalueadded costs Upgrading a technology suite but not providing end users with nece...View the full answer
Answered By
DEEPTI A.
Hi
I am a Chartered Accountant (Indian CPA) and an MBA Finance with 18+ years of work experience. I am the owner of a small accounting firm. I provide bookkeeping and accounting support to my clients located in different countries. Together with it, I also teach students and help in solving and completing their accounting-related questions and projects.
My core area of expertise lies in teaching students
1) Accountancy
2) Finance
I teach theoretical subjects too but the above 2 are my favorites. My motto is to have an interactive class and design ways and means to make the concept interesting for my students.
Before starting off with teaching I have worked with different MNC's like GECIS, HSBC and IBM and been a part of their Finance, Accounting, and Financial Analytic teams.
So do provide your questions/queries and I'll be more than happy to answer those and hope to help you in whatever manner I can.
All the best in your endeavors!
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
Question Posted:
Students also viewed these Business questions
-
Each of the following scenarios requires the use of accounting information to carry out one or more of the three managerial objectives: planning, control (including performance evaluation), or...
-
Tea and More is facing growing pains due to its rapid expansion over the past decade. The case provides an overview of the challenges facing the company in the areas of supply chain management,...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Explain why, in your opinion, allowing a physician to prescribe lethal medication under aid-in-dying laws is or is not euthanasia.
-
Plaintiff, J.G. Wentworth, S.S.C. Ltd. Partnership (Wentworth), is a leader in the structured settlement industry. It uses its Web sites at www.jgwfunding.com and www.jgwentworth.com to promote its...
-
If, as a result of ongoing changes in the role of women in society, we saw a change in the age of childbearing such that the high-risk fertility rate jumped to 70 in Exercise 10.1, what would we...
-
You are calibrating magnetic coils for a particle detector. One step involves checking the magnetic field at different positions inside a toroid, and you are asked to measure the field at the...
-
In our numerical example, Hamburger Heavens expansion path requires K = L because w (the wage) and v (the rental rate of grills) are equal. More generally, for this type of production function, it...
-
19 20 Assertion A compass needle is placed near a current carrying wire. The deflection of the compass needle decreases when the magnitude of the current in the wire is increased. Reason The strength...
-
Which steps must an organization take to implement an activity-based costing (ABC) system?
-
With respect to indirect costs, explain the difference between a single overall plantwide rate and a departmental rate.
-
Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitorEIO Corp.enjoyed sales of $490 million and earned profits of...
-
When is pricing the use of transportation infrastructure, like roads, considered necessary? How is pricing structured?
-
The cost of holding inventory incurred by the shippers supply chain network is transportation cost. inventory cost. facility cost. processing cost.
-
Which of the following is a traditional logistics driver of sourcing? Pricing Inventory Sourcing Information
-
Which mode of transportation is the least expensive? Air Truck Rail Water
-
Which mode of transportation is the dominant form of domestic freight transportation? Air Truck Rail Water
-
Is educational attainment in the United States on the rise? Explore this question by creating time series graphs for each of the variables in the file S02_24.xlsx. Comment on any observed trends in...
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
Hokuriku-Seika Co., Ltd., of Yokohama, Japan, is a subcontractor to local manufacturing companies. The company specializes in precision metal cutting using focused high-pressure water jets and...
-
This question should be answered only after Research and Application 520 are completed. Required: 1. Referring to the data for Blue Nile in Research and Application 5-20 and the data on net sales...
-
What is meant by a products contribution margin ratio? How is this ratio useful in planning business operations?
-
The following information is the probability distribution for the returns of share V and share W. Expected Returns (%) Probability Share V Share W 0.1 0 3 0.2 6 4 0.3 7 5 0.4 5 6 Based on the...
-
5. Pathao, a ride sharing company, is interested in estimating its weighted average cost of capital (WACC). The firm is currently in its rapid growth stage. They have a $300,000, 10 percent interest,...
-
You observe that a zero-coupon bond has a face value of $1,000, and a yieldLaura has obtained a part-time job offer from Great Tree Inc. The company plans to pay her at the end of each year for the...
Study smarter with the SolutionInn App