Question: Why are units shipped used to calculate the value stream product cost?

Why are units shipped used to calculate the value stream product cost?

Step by Step Solution

★★★★★

3.23 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Units shipped are used to discourage the production of exc... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

101-B-C-A-L-A (10).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

Why is it important to calculate the value of your estate periodically?

Q:

The data used to calculate the order point include all of the following except: a) The rate at which the material will be used b) The estimated time interval between the placement and receipt of an...

Q:

Why is (p 2 ) rather than p used to calculate the relative uncertainty for the particle in the box?

Q:

1. why should the incremental cost of a risk response alternative be considered when deciding how best to respond to an important risk? 2. what is a focused value stream? 3. why are units shipped...

Q:

Serendipity Manufacturing implemented lean manufacturing in its Wheeling plant as a pilot program. During the most recent three weeks, the following data pertaining to a specific product line value...

Q:

Wilson Manufacturing, Inc., has implemented lean manufacturing in its Bloomington plant as a pilot program. One of its value streams produces a family of small electric tools. The value stream team...

Q:

managerial accounting number 3-6 DISCUSSION QUESTIONS 1. What is the most important reason for an organization to use enterprise risk management? 2. What is the difference between inherent risk and...

Q:

Which of the following equations is used to calculate the weekly unit product cost for multiple-product value streams? a. Value-Stream Product Cost = Unit Materials Cost + Average Conversion Cost b....

Q:

Which of the following equations is used to calculate the weekly unit product cost for multiple - product value streams? a . Value - Stream Product Cost = Unit Materials Cost / Average Conversion...

Q:

When materials costs differ significantly among products in a value stream, the value stream product cost is calculated by which of the following? a. Unit Materials Cost + Value-Stream Costs/Units...

Q:

Explain why a firm should view its internal activities as part of a total system. Illustrate your answer for (a) a large grocery products producer. (b) a plumbing wholesaler. (c) a department store...

Q:

Trey is in the 28% tax bracket. He acquired 4,000 shares of stock in Midlands Corporation ten years ago at a cost of $80 per share. In the current year, Trey received a payment of $175,000 from...

Q:

1. If the txtPrice control contains the value 75, what value will the Decimal.TryParse(txtPrice.Text, decPrice) method return? a. False b. True c. 75 d. 75.00

Q:

i. Who is responsible for the clients losses? ii. What precautions could the partners have taken to prevent this situation? Singh, Shah, Amaro and Brown in an accounting firm. Singh gave the other...

Q:

The starting salaries of new graduates in USA may differ according to the region that they are living. A group of firms is randomly selected from each region to test this clam. Use the following data...

Q:

What is the difference between a job description and a job specification? Write an example of a performance standard for a prep cook who peels carrots and cucumbers and washes lettuce for a...

Q:

Raneri Trophies Inc. uses a job order cost system for determining the cost to manufacture award products (plaques and trophies). Among the companys products is an engraved plaque that is awarded to...

Q:

Raneri Trophies Inc. uses a job order cost system for determining the cost to manufacture award products (plaques and trophies). Among the companys products is an engraved plaque that is awarded to...

Q:

Raneri Trophies Inc. uses a job order cost system for determining the cost to manufacture award products (plaques and trophies). Among the companys products is an engraved plaque that is awarded to...

Q:

Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends,...

Q:

Suppose you have five coins numbered 1-5. Further, suppose that when coin i is flipped it shows heads with probability i/5. We can generate all possible combinations of values of each of the...

Q:

Answer all only if you know the answers. 1. statistics will be the wide category of figures utilized to draw conclusions about a public. 2. Distributions having a tail pointing towards the left have...