What are the uses of marginal costing in budgeting and forecasting? 25. Explain the concept of marginal

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

Question:

What are the uses of marginal costing in budgeting and forecasting? 25. Explain the concept of "marginal costing ratio" and its significance. 26. How does marginal costing help in determining the profitability of different departments?

Related Book For answer-question

Cost Management Measuring Monitoring and Motivating Performance

ISBN: 978-0470769423

2nd edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

See More Books

Posted Date: Mar 15, 2024 05:21 AM

See More Questions

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...
In governmental accounting, separate funds are created to keep track of revenues and costs for different activities. An internal service fund (ISF) accumulates the cost for services provided within...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Exercises 11-16: For the measured quantity, state the set of numbers that most appropriately describes it. Choose from the natural numbers, integers, and rational numbers. Explain your answer....
A firm has 1 million shares of common stock outstanding with a book value of $15 per share. The firm also has total assets with a book value of $20 million. There is no preferred stock. What are the...
Fly High Inc. is a fictional manufacturer of snowboards. The company has designed a new ski board and needs to choose a new production method. The process types the company can choose from and their...
Can you present a graphic that presents the payroll disbursement amounts by date for the contact employee who has been terminated but has been paid after termination (i.e., ghost employees)?
River Companys chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owners...
2. The armadillo is known as one of the world's fastest land animals. On one particular occasion, a biologist observed an armadillo named [N57E] for 6.00 s. The armadillo then ran 19.0 m [N23W]. What...
Concord Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.20...
Find the derivative of the following function. list y=(ln|x+8|)^(7) (dy)/(dv)
Assume that you had total assets = $ 5 0 0 , total liabilites equal to $ 3 0 0 , and stockholders' equity to $ 2 0 0 . If total assets increased by 1 0 0 % and stockholders equity increased by 5 0 %...
Marie is thinking of two numbers. When she adds, she gets 40. When she multiplies them, she gets 351. She Helps her younger sister, Enya, calculate the numbers.
For the tax year 2 0 2 3 / 2 4 Keith has net income of 1 1 2 6 7 5 and paid 8 1 5 to charity under the gift aid scheme. What will be his personal allowance for the year? Enter a whole number, without...
A beverage producer produces two products, an orange beverage containing 10% orange juice and an orange delight containing 50% orange juice. How many gallons of orange delight should be mixed with...
factorize the integer 2896753 by using the Quadratic Sieve method
Consider the function f and its graph. a. Estimate the zeros of the area function b. Estimate the points (if any) at which A has a local maximum or minimum. c. Sketch a graph of A, for 0 x 10,...
Consider the following two cost objects: 1. Purchasing a pizza shop 2. Investing in a fishing boat REQUIRED For each of the following costs, determine whether the cost is relevant to running a pizza...
Central County Public Clinic is a free outpatient clinic for public assistance patients. Among other services, the clinic provides visiting nurses for elderly patients in their homes. A homemaker who...
Friedas Fizz brews specialty soft drinks, including root beer and other flavors. Its vision is To proudly produce and sell extraordinarily smooth, rich, and delicious soft drinks to satisfy kids of...
If 25 women are randomly selected, find the probability that the mean of their red blood cell counts is less than 4.444. Assume that red blood cell counts of women are normally distributed with a...
Find the probability of an IQ less than 85.
What percentage of women have red blood cell counts in the normal range from 4.2 to 5.4? Assume that red blood cell counts of women are normally distributed with a mean of 4.577 and a standard...

What are the uses of marginal costing in budgeting and forecasting? 25. Explain the concept of marginal

Question:

Expert Answer:

Marginal costing is a useful technique in budgeting and forecasting as it provides insights into the cost behavior of products or services and helps in making informed decisions about resource allocat... View the full answer

Cost Management Measuring Monitoring and Motivating Performance

Students also viewed these accounting questions