Question: major conceptual difference between throughput costing and variable costing is there are no conceptual differences between the two methods

major conceptual difference between throughput costing and variable costing is there are no conceptual differences between the two methods

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A major conceptual difference between throughput costing and variable costing is 1)under variable costing, direct labour and variable manufacturing overhead are charged to income as period expenses....

Q:

Compare and contrast absorption costing and variable costing. What is the major difference between the two methods? Is there a circumstance when one method should be used over the other? Explain your...

Q:

Compare and contrast absorption costing and variable costing. What is the major difference between the two methods? Is there a circumstance when one method should be used over the other? Explain your...

Q:

4 Conceptual questions for Chapter 5: 1. You have a mixture of fixed and variable costs. What role do these costs play in decision making, in terms of remaining constant in total or on a per unit...

Q:

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

Q:

hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...

Q:

Synthesis: Significance and Implications of Alternative Accounting Principles Learning Objectives Web Refer to Figure 1. Circle A indicates the universe of possible accounting principles. The dashed...

Q:

Two Discussion Questions. A minimum of 200 words per question. Both questions are attached to the word document and each chapter to both questions are attached to the PDF. Any references/citations...

Q:

(1) The Quality of Financial Information Referencing this week?s readings and lecture, describe the quality issues related to reporting revenue. What is the importance of understanding various...

Q:

s sf Define the terms opaque type and concrete type. [5 marks] The following is a shortened version of one of the definition modules described in the Modula-2 user manual: Provide a suitable...

Q:

Which of the four macroeconomic targets can the graph (showing the share of labour payments in GDP) give information about? Please explain why.

Q:

What are the units of the slope (1915) (b) If the capacitance is 2 nanofarads nF, what is the area ( A ) of the plates (c) What is the relative static permittivity of the insulating layer (d) If the...

Q:

Como parte complementaria a tu preparacin, hemos creado el siguiente crucigrama que te permitirn reforzar tu aprendizaje de manera creativa y ldica. Lee cuidadosamente las descripciones que te...

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...