Why is it important to classify costs into a cost hierarchy?
Question:
Why is it important to classify costs into a cost hierarchy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
It is important to classify costs into a cost hierarchy be...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. Why is it important to keep paid-in capital separate from earned capital? b. As an investor, is paid-in or earned capital more important? Why? c. As an investor, are basic or diluted earnings per...
-
Why is it important to clean the condenser coils of a household refrigerator a few times a year? Also, why is it important not to block airflow through the condenser coils?
-
Why is it important to classify cash flows according to operating, investing, and financing activities?
-
In the automobile parts supplier's hypothesis test of H0: = 3 versus Ha: 3 (as discussed in Exercise 9.48) find the sample size needed to make the probability of a Type I error equal to .05 and...
-
What is the frequency of a photon that has the same momentum as a neutron moving with a speed of 1200 m/s?
-
A pipe drains a tank as shown. If x = 11 ft , y = 7 ft , and head losses are neglected, what is the pressure at point A and what is the velocity at the exit? Assume = 1.0 at all locations.
-
Wakuluk most likely seeks to mitigate which of the following biases in developing capital market forecasts? A. Availability B. Time period C. Survivorship
-
The following are a trial balance and several transactions that relate to Lewisvilles Concert Hall Bond Fund: The following transactions took place between July 1, 2012, and June 30, 2013: 1. The...
-
The Horizons S&P/TSX Capped Energy Indexed fund was tumbling by 16.5% (per annum) such that: A(t) = A0 (10.165) 12t Where Ao is the (unknown) initially invested amount and t is the time of investment...
-
Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H & H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the trial...
-
Describe four levels of a cost hierarchy?
-
What are the key reasons for product cost differences between simple costing systems and ABC systems?
-
Instead of using Table 7-2 for determining the sample size required to estimate a population standard deviation s, the following formula can also be used Where z /2 corresponds to the confidence...
-
Based on your readings and professional experience define and discuss the value of childrens literature to foster literacy and reading development. Include comments on the value of childrens...
-
How is the amount of the prorated HOA dues that a seller prepaid for the year of closing recorded in a North Carolina closing statement for the seller?
-
How would you describe the role of women in America? How did it change over time - from the start of the country to the late 1800s? Why or how might literature by women be different from literature...
-
Credo's message Read Credo's " What I Believe" and consider how it applies to issues facing your own society (i.e. racism, politics, etc.) Write a paragraph arguing how Credo's message is both...
-
comment these two arguments: 1)The economic dimension, represented by the "dollar" value, is indeed an important aspect to consider in engineering projects. It quantifies the financial impact of a...
-
Why is learning important for organizations?
-
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...
-
Match each of the following species with one of these hybridization schemes: sp, sp 2 , sp 3 , sp 3 d, sp 3 d 2 . (a) PF 6 - ; (b) COS; (c) SiCl 4 ; (d) NO 3 - ; (e) AsF 5 .
-
Howell Ltd has the following account balances (in millions): Required Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended 31 December 2015. (For...
-
An auditor for the Inland Revenue is trying to reconstruct some partially destroyed records of two taxpayers. For each of the cases in the accompanying list, find the unknowns designated by letters A...
-
A distraught employee, Guy Pirault-Manne, put a torch to a manufacturing plant on a blustery day, 26 February 2015. The resulting blaze completely destroyed the plant and its contents. Fortunately,...
-
Your division is considering two projects. Its WACC is 10%, and the projects' after-tax cash flows (in millions of dollars) would be as follows: Expected Cash Flows Time Project A Project B 0 ($30)...
-
A rock thrown with speed 1 2 . 0 m / s and launch angle 3 0 . 0 ( above the horizontal ) travels a horizontal distance of d = 1 7 . 5 m before hitting the ground. From what height was the rock...
-
describe what is a project charter and why is it important. Then, discuss how to initiate a new project with a new team, or using a new technology?
Study smarter with the SolutionInn App