Why do managers insist on allocating overhead costs to products?please discuss briefly the reason why manager insist?

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

Question:

Related Book For answer-question

Managerial Accounting

ISBN: 978-1118385388

2nd edition

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

See More Books

Posted Date: May 10, 2024 11:32 AM

See More Questions

Mr. Burns, president of Greetings Inc.. created the Wall Decor unit of Greetings three Sears ago to increase the company's revenue and profits Unfortunately, even though Wall Decor's revenues have...
Jay Krue makes two products, Simple and Complex. As their names suggest, Simple is the more basic product, and Complex comes with all the bells and whistles. The company has always allocated overhead...
Mr. Burns, president of Greetings Inc., created the Wall Décor unit of Greetings three years ago to increase the company's revenue and profits. Unfortunately, even though Wall Décor's...
What kinds of functions of local government are usually protected by immunity?
Two players compete against each other in a game of chance where Player A wins with probability 1/ 3 and Player B wins with probability 2/ 3. Every time Player A loses he must pay Player B $ 1, while...
The statement of income of Kneale Transport Inc. for the year ended December 31, 2017, reported the following condensed information: Kneale's statement of financial position included the following...
Allegheny River Sawmill manufactures two lumber products from a joint milling process. The two products developed are mine support braces (MSB) and unseasoned commercial building lumber (CBL). A...
On January 1, 2015, Red Flash Photography had the following balances: Cash, $15,000; Supplies, $7,000; Land, $64,000; Unearned Revenue, $6,000; Common Stock $60,000; Retained Earnings, $20,000....
Sherry works in the claims department of ABC Life Insurance. During the payment of a recent claim, Sherry becomes suspicious that the policyowner was trying to perpetrate insurance fraud. Under the...
Describe a problem your company faced and the solution that was proposed to address it. What was your role in the design and implementation of the solution and what was the final outcome? What did...
You're shopping for a new car. One car that you really liked costs $28,000. You are planning to fully finance this purchase. The loan contract requires fixed monthly payments for 4 years, at 5...
(4c) Assume equidistant meshes and reconstruction of slopes by a particular av- eraging. More precisely, the M-piecewise cubic function s is to satisfy the generalized interpolation conditions s(xj)...
Victoria goes into Elise's computer store Byte-Me Computers to have her computer's RAM upgraded. She tells Elise she needs the computer by the end of the day to work on a BSB151 assignment due the...
Search and download datasets from the internet by topic Retail " ( for example: kaggle datasets and so on ) . Then determine what problems can be raised based on the dataset. 2 . Carry out the Big...
S Based on MD5 hash function, if the input is "Under the PRISM program, which started NSA gathers Internet communications from foreign targets from nine major U.S. Internet-based communication ervice...
These are selected transactions of Concord Company. Concord prepares financial statements quarterly, Jan. 2 Purchased merchandise on account from Nunez Company, $34,000, terms 2/10, n/30. (Concord...
What is a manufacturing system?
Prepare the operating budget, the financial budget, and the supporting schedules.
Distinguish between operating and financial budgets.
Follow the principal steps in preparing a master budget.

Why do managers insist on allocating overhead costs to products?please discuss briefly the reason why manager insist?

Question:

Expert Answer:

Managers insist on allocating overhead costs to products for several reasons 1 Cost Control Allocati... View the full answer

Managerial Accounting

Students also viewed these accounting questions