What production environments are most suitable for process costing?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Production environments are most suitable for process costing for firm t...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Question Posted:
Students also viewed these Managerial Accounting questions
-
What types of marketable securities are most suitable for inclusion in a firms portfolio? What characteristics of these securities make them desirable investments for temporarily idle cash balances?
-
Most marketing communications environments are cluttered. Explain what this means and provide several examples. Do not restrict your examples just to advertisements.
-
Process costing assigns costs by measuring overall production costs and averaging them based on total production in units over a period of time, usually a month. The resulting average unit costs are...
-
Show the income statement, cash flow statement and balance sheet of the company at 31/12/2020 if: 1. The company start its operations on June 1st, 2020. Over the period, it sells 50 laptop for $400....
-
A steel tube (G = 11.5 ( 106 psi) has an outer diameter d2 = 2.0 in. and an inner diameter d1 = 1.5 in. When twisted by a torque T, the tube develops a maximum normal strain of 170 ( 10-6. What is...
-
Johnson Filtration, Inc., provides maintenance service for water filtration systems throughout southern Florida. Customers contact Johnson with requests for maintenance service on their water...
-
A centrifugal radial water pump has the dimensions shown in Fig. P12.10. The volume rate of flow is \(0.25 \mathrm{ft}^{3} / \mathrm{s}\), and the absolute inlet velocity is directed radially...
-
Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C = 50 + 4Q + 2Q2. The associated marginal...
-
How do you manage your time? Do you plan your day or just see what happens? What works best for you? What is your biggest time waster?
-
At the end of 2012, you forecast the following cash flows (in millions) for a firm with net debt of $759 million: You forecast that free cash flow will grow at a rate of 4 percent per year after...
-
Describe service firms that are likely to have a job costing-like system; a process costing-like system.
-
Why is the concept of an equivalent unit important in process costing?
-
The total annual runoff for a small watershed was determined to be approximately normal with a mean of 360 mm and a variance of 2900 mm2. Determine the probability that the total runoff from the...
-
On December 15, 2020 UD entered into a $100 million notional principal interest rate swap with Xitadel Dayton. Payments will be on the 15th of June and December for the following three years. (a) On...
-
Andes Inc. has outstanding $10,000,000 of 10%preferred stock outstanding.The companyhas a 40 percent tax rate.What amount of earnings before interest and taxes (EBIT) isrequired to pay the preferred...
-
Even though we only save 3000 per month and let's do this for 20 years of investing, then our money earns 12% per year will we see that after 20 years we would have 3 million?
-
The equipment can be sold for $200,000 at the end of the project. To finance the project, the company will borrow $300,000 at a 5% interest rate and finance the remaining amount internally. The loan...
-
Suppose that a bond pays semiannual coupons of $3 each. Consider the time unit for t as a half year. Calculate the price of a bond at t = 2.3 when the price of the bond at t=2 is $95.00. Round the...
-
In Problem discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. The graph of every exponential function has a horizontal asymptote.
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Find a 4-year moving-average series for the merger data given in question 3. Center the average on the years. Question 3 The accompanying data indicate the number of mergers (xt) that took place in a...
-
In one group, find a local business, such as a copy shop, that rents time on desktop computers for an hourly rate. Determine the hourly rate. In the other group, determine the price of a mid-range...
-
(a) Standard costs are the expected total cost of completing a job. Is this correct? Explain. (b) A standard imposed by a governmental agency is known as a regulation. Do you agree? Explain.
-
(a) Standard costs are the expected total cost of completing a job. Is this correct? Explain. (b) A standard imposed by a governmental agency is known as a regulation. Do you agree? Explain.
-
Assume we are using MergeSort on comparable Students who are compared with respect to their gpa. Assume we have an array of 8 students: [{name:"Ali", gpa:2.9}, {name:"Aye", gpa:3.1}, {name:"Sevil",...
-
Consider a two-input neuron that multiplies its two inputs x1 and x2 to obtain the output 'o'. Let L be the loss function that is computed at 'o'. Suppose that if the values of 044 = 5, x1 = 2, and...
-
The classification problem with four classes of input vector are Class 1: {p = [1], P2 = [2]}, Class 2: {p3 = [21],P4 = []}, Class 3: {ps = [2], P6 = []}, Class 4: {p7 = [1], P = [2]} Design a...
Study smarter with the SolutionInn App