What are the important factors in determining the appropriate cost driver to use in allocating a cost?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
The cost driver chosen to use in allocating a cost should be some activity that drives the cost ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
What are the important factors that managers should take into account to improve the implementation of strategies?
-
What are the two most important factors in determining the type of data storage format that should be adopted for a system? Why are these factors so important?
-
What are the most important factors in determining whether franchising is an appropriate method of rapidly growing a concept?
-
Based on the illustration of an iPhone shown below, draw a system model for an iPhone. iPhone Components Flash memory. CPU Main circuit boards Communications GSM cell, WiFi, EDGE Battery Display...
-
How does the global nature of business affect performance management systems? Consider both the technical and social aspects of different cultures in your response.
-
William is a trader. His financial year ends on 31 December. He rents business premises. The monthly rent of $1,350, payable in advance on the first day of each month, was increased to $1,380 from 1...
-
What is the probability that the next household asked has one car? A polling organization is asking a sample of U.K. households how many cars they have. The frequency distribution at the left shows...
-
The Woods Enterprises prepared the following standard costs for the production of one stuffed bear: Direct materials..... 1.5 pounds of stuffing @ $2 per lb Direct labor ....... 2 hours of assembly @...
-
Suppose a point charge creates a 1 2 5 0 0 N / C electric field at a distance of 0 . 3 5 m . What is the magnitude of the point charge in coulombs? What is the strength of the field, in newtons per...
-
Consider the below table of 6 observations. Values of X1 and X2 are used to predict the outcome Y. When Y is 1 the outcome is considered to be positive. What is the Gini impurity of the given data...
-
Give an example of why the statement, All direct costs are avoidable, is incorrect.
-
How is an allocation rate determined? How is an allocation made?
-
Why do the charged particles flying through bubble chambers travel in spiral paths rather than in the circular or helical paths they might ideally follow?
-
Use the Divergence Theorem to calculate \(\iint_{\mathcal{S}} \mathbf{F} \cdot d \mathbf{S}\) for the given vector field and surface. \(\mathbf{F}(x, y, z)=\left\langle x y, y z, x^{2}...
-
Who has the authority to admit patients to hospitals, and in most cases why do patients not have a right to be admitted?
-
Let \(T(n)=\sum_{k=0}^{n}(-1)^{k}\left(\begin{array}{l}n \\ k\end{array}ight)\). (a) Use Pascal's Triangle to compute \(T(n)\) for \(n=1,2,3,4\). (b) Prove that \(T(n)=0\) for all \(n \geq 1\)....
-
Consider the system shown in figure below. The value of \(K\) that contributes steady state error of \(20 \%\) to a unit step input, is (a) 2 (b) 100 (c) 20 (d) 4 R(S) K s+1 K 4s + 1 Y(s)
-
Distinguish between encapsulation and information hiding.
-
Five years from now, would you choose different benefits from those you selected today? Why or why not?
-
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
-
Which of the following compounds is an example of an alkyne: decane (C 10 H 22 ), decene (C 10 H 20 ), decyne (C 10 H 18 ), or naphthalene (C 10 H 8 )?
-
Assume that Best Co. has issued and outstanding 1,000 shares of $100 par value, 10 percent, cumulative preferred stock. What is the dividend per share? If the preferred dividend is two years in...
-
If Best Co. issued 10,000 shares of $20 par value common stock for $30 per share, what amount is credited to the Common Stock account? What amount of cash is received?
-
What is the difference between par value stock and stated value stock?
-
How does a significant increase in a country's real exchange rate affect the competitiveness of domestic goods internationally? Explain.
-
Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since...
-
Write the interval of convergence 3. 2. IMIMMIN 4. 9" 1 (x-9)" (n!)9" (x-9)" (9)" n!(11x-9)" 1. (11x)" n
Study smarter with the SolutionInn App