Why do managers consider direct costs to be more accurate than indirect costs?
Question:
Why do managers consider direct costs to be more accurate than indirect costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Managers believe that direct costs that are traced to a particular cost o...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ 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
-
Why do managers need accurate product cost information?
-
Why do executives and managers spend more time listening than do workers?
-
Why might managers be more concerned about controlling costs than total quality management initiatives?
-
Addie's grandfather has left them a trust and the value of the money they receive depends on the age choose to collect this gift of money. Their options are given in the table below. Payoff at age 19...
-
The latent heat for converting ice at 0 C to water at 0 C is 80.0 kcal/kg. (a) How many photons of frequency 6.0 1014 Hz must be absorbed by a 1.0-kg block of ice at 0 C to melt it to water at 0 C?...
-
How often does the price you pay for a haircut change? What does your answer imply about the usefulness of market-clearing models for analyzing the market for haircuts?
-
A window manufacturer has a commitment to lean production. What is not a benefit from adopting a lean production philosophy? a. More space available for production b. Ability to continue production...
-
As the lead accountant for a small company, you notice that inventory purchases from a certain vendor have increased dramatically over the past few months, while purchases from all other vendors have...
-
Identify 2 tools used for backup purposes that would support business continuity to ensure that the data can be accessed during the disaster. Explain who is responsible for the backup. How often...
-
Cusic Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $26,400, and the company expects to sell 1,500 per year. The company currently...
-
Define direct costs and indirect costs.
-
Name three factors that will affect the classification of a cost as direct or indirect.
-
How is management likely to change as companies increasingly use contingent workers over full-time employees?
-
The following output is possible using a queue: 1 3 5 4 2 1. True 2. False 3. Not enough information to determine
-
Indicate whether each of the following applications would be suitable for a queue. 1. An ailing company wants to evaluate employee records so as to lay off some workers on the basis of service time...
-
True or false? If false, correct the statement. Recursive functions: 1. often have fewer local variables than the equivalent nonrecursive routines. 2. generally use while or for statements as their...
-
Write a segment of code to perform each of the following operations. You may call any of the member functions of QueType. The details of the queue are encapsulated; you may use only the queue...
-
True or False? A trailer node is not syntactically different from the other nodes in the list.
-
For a commercial farm, classify the following expenditure into either capital or revenue: (a) Delivery costs of pesticide (b) Insurance of tractors (c) Installation costs of new machinery for milking...
-
As water moves through the hydrologic cycle, water quality changes are common because of natural phenomena or anthropogenic pollution. Using Figure 11.1, describe how water-quality changes occur...
-
To establish the law of conservation of mass, Lavoisier carefully studied the decomposition of mercury(II) oxide: (a) Show that the partial pressure of O 2 (g) in equilibrium with HgO(s) and Hg(l) at...
-
What is the difference between the coefficient of determination, r 2 , and the goodness of fit?
-
A number of terms are listed below: Account analysis method Economic plausibility High-low method Ordinary least squares (OLS) Predictor variable T-stat Conference method Explanatory power Industrial...
-
Lorenzo operates a brushless car wash. Incoming cars are put on an automatic, continuously moving conveyor belt. Cars are washed as the conveyor belt carries the car from the start station to the...
-
Watch the Video "Types of Risks - Risk Management in Banks" https://youtu.be/8QjCdwhPT8U Provide a one paragraph answer to each of the following questions: In your opinion, what type of bank risk has...
-
4. A product manager prepared the following forecasts for a product line: 0 1 2 3 4 5 6 and later + + + + + $2m $2m $3m $4m $4m g=2.5% If the appropriate discount rate is 8.5%, what is the present...
-
Assume the following ratios are constant: Total asset turnover Profit margin Equity multiplier Payout ratio 3.10 6.0% 1.50 20% What is the sustainable growth rate? (Do not round intermediate...
Study smarter with the SolutionInn App