The standard-costing method is particularly applicable to process-costing situation. Do you agree? Why?
Question:
The standard-costing method is particularly applicable to process-costing situation. Do you agree? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Standardcost procedures are particularly appropriate to processcosting systems whe...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
A company of 15 employees has recently decided to overhaul its performance appraisal system. Based on the assigned reading, which plan would be most appropriate for the company to adopt? Why?
-
Columbus Corporation is considering adopting the standard costing method to enhance the understandability and comparability of accounting information. Prepare several reasons in support of why...
-
Columbus Corporation is considering adopting the standard costing method to enhance the understandability and comparability of accounting information. Prepare several reasons in support of why...
-
The Transco Company is considering making and supplying computer-controlled traffic- signal switching boxes to be used throughout Arizona. Transco has estimated the market for its boxes by examining...
-
For light emitted from a different vent, the energy of a photon at the peak frequency is 0.160 eV. What is the temperature of the vent, assuming this vent is also a black body? a. 160 C b. 280 C c....
-
If a bond payable is issued at a premium, is the resulting amortization added to, or deducted from, net income to determine cash flows from operations in the indirect method? Why?
-
Assume that there is a free-floating exchange rate. Will the following cause the exchange rate to appreciate or depreciate? In each case you should consider whether there is a shift in the demand or...
-
Based on your diagnosis of feedback practices you experienced in a current or previous job through the completion of the instrument in Table 9.1, which practices are least effective? How might they...
-
The admissiondepartment at New YorkUniversity places an order with a commercial distributor for 500 New YorkUniversity Sweatshirts at $20.00 each. There is no mention of guarantees or warranties in...
-
In the investment world, commodities are typically pretty boring. From livestock to grains to steel and other metals, commodities have their ups and downs. But long term, the world will always need...
-
Identify the main difference between journal entries in process costing and job costing?
-
Why should the accountant distinguish between transferred-in costs and additional direct material costs for each subsequent department in a process-costing system?
-
An idealized ammeter is connected to a battery as shown in Fig. Find (a) The reading of the ammeter, (b) The current through the 4.00-Ω. Resistor, (c) The terminal voltage of the battery. v(V)...
-
A fund manager manages an investment fund based on narrowly defined parameters in local regulations. The manager has 5% interests in fund, and is paid 1% of net asset value as remuneration. The...
-
The manager has wide decision-making discretion. The investors appoint a board of directors for the fund. The board decides annually if the manager is to be appointed. The services of the manager are...
-
An investee is a vehicle that purchases fixed rate securities, funded by a mix of equity and debt instruments. The equity provides first loss protection to the debt investors. An asset manager has...
-
The adjustment in (5) above, that is, the elimination entry as at the date of acquisition is an asset substitution entry. It transforms the investment asset into goodwill and the fair value of...
-
Acquisition accounting requires special accounting treatment that is not permitted or required in normal accounting outside of a business combination. Provide at least three examples of special...
-
Lifestyle International, a wholesales company in India, is looking to get a loan using its accounts receivable as collateral. The firms credit extension is net-30-day credit. The amounts that are...
-
Sundial Technologies produces and sells customized network systems in New Brunswick. The company offers a 60-day, all software and labor-and an extra 90-day, parts-only- warranty on all of its...
-
For the reaction below, r G = 29.05 kJ mol -1 at 298 K. Use this thermodynamic quantity to decide in which direction the reaction is spontaneous when the concentrations of NH 3 (aq), NH 4 + (aq),...
-
Normal spoilage is planned spoilage. Discuss.
-
Normal spoilage is planned spoilage. Discuss.
-
Normal spoilage is planned spoilage. Discuss.
-
You are a manager of a firm like J.P. Licks, a monopolistically competitive ice cream store in Boston. You are determining the price and quantity of your Cookies 'n' Cream Pie. Economists you have...
-
what types of incentives could a financial institution offer to the unbanked population?
-
Debt contracts represent fixed claims against the firm, while an equity contract entitles the shareholder to claim against the residual cash flows of the firm. Consider a small firm with one...
Study smarter with the SolutionInn App