Companies that make no variable-cost/fixed-cost distinctions must use absorption costing, and those that do make variable-cost/fixed-cost distinctions
Question:
Companies that make no variable-cost/fixed-cost distinctions must use absorption costing, and those that do make variable-cost/fixed-cost distinctions must use variable costing. Do you agree? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
No A company that makes a variablecostfixedcost distinct...View the full answer
Answered By
Jeff Omollo
As an educator I have had the opportunity to work with students of all ages and backgrounds. Throughout my career, I have developed a teaching style that encourages student engagement and promotes active learning. My education and tutoring skills has enabled me to empower students to become lifelong learners.
5.00+
5+ Reviews
50+ 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
-
Explain how throughput costing differs from absorption and variable costing.
-
Explain the main conceptual issue under variable and absorption costing regarding the proper timing for the release of fixed manufacturing overhead as expense.
-
Explain when companies are likely to use a job costing system or a process costing system. Provide examples.
-
Zainab company has sold goods on credit RO 55,000 on 31st December 2020 and received RO 15,000 towards credit sales. The company had debit balance of RO 5500 and the balance in accounts receivable...
-
Aluminum and calcium have photoelectric work functions of WAl = 4.08 eV and WCa = 2.87 eV, respectively. (a) Which metal requires higher-frequency light to produce photoelectrons? Explain. (b)...
-
Suppose two resistors of impedance r1 and r2 are placed in series and held at different physical temperatures, t1 and t2. We would like to model this series combination of noisy resistors as a single...
-
What does an accounts receivable turnover ratio of 9.1 indicate?
-
The following items present a sample of business activities involving Dry Cleaner Corporation (DCC) for the year ended December 31. DCC provides cleaning services for individual customers and for...
-
Discount Furniture, Inc. completed the following treasury stock transactions in 2024: i (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not...
-
The bank reconciliation prepared by Village-on-the-Lake Condos on May 31, 2020, is shown below: The Cash account in the general ledger appeared as follows on June 30: A list of deposits made and...
-
Explain the main conceptual issue under variable costing and absorption costing regarding the timing for the release of fixed manufacturing overhead as expense.
-
The main trouble with variable costing is that it ignores the increasing importance of fixed costs in manufacturing companies? Do you agree? Why?
-
Find the first three iterations obtained by the Symmetric Power method applied to the following matrices. a. Use x(0) = (1,1, 2)t. b. Use x(0) = (1, 0, 1)t. c. Use x(0) = (1, 0, 0, 0)t. d. Use x(0) =...
-
Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's has increased to $7,050 by the end of the year. What is the...
-
d dt E=1&B and B = 2. Two of Maxwell's Equations state (after a few simplifications) that d dx dt - d E. Let's ignore the spatial dx derivatives for now (assume d dx -E = E and B = B). Show that dx...
-
How is the proliferation of misinformation and disinformation on digital platforms influencing political polarization and undermining democratic processes worldwide, and what strategies can be...
-
What role do transnational corporations play in exacerbating or mitigating environmental degradation, and how can global governance structures be reformed to ensure corporate accountability while...
-
How does the increasing digitalization of global commerce and finance affect the economic sovereignty of smaller nations, and what international regulatory frameworks could be implemented to ensure...
-
Water flows through a 2-in.-diameter pipe with a velocity of \(15 \mathrm{ft} / \mathrm{s}\) as shown in Fig. P8.78. The relative roughness of the pipe is 0.004, and the loss coefficient for the exit...
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
In certain polar solvents, PCl 5 undergoes an ionization reaction in which a Cl - ion leaves one PCl 5 molecule and attaches itself to another. The products of the ionization are PCl 4 + and PCl 6 -...
-
How can management accounting information help managers formulate strategies?
-
Management accounting should not align with the restrictions inherent in financial accounting. Explain with a relevant example.
-
Contemporary Interiors (CI) manufactures high-quality furniture in factories in North Carolina for sale to top American retailers. In 2005, CI purchased a lumber operation in Indonesia, and shifted...
-
Arguer creates the impression that you might be socially left behind or that everyone is engaged in a certain activity and it appeals to our desire to want to be included in the latest trend. Fallacy...
-
There's no missing information or reference. That's the complete information. Thank you ACTUARIAL SCIENCE QUESTION LIFE CONTINGENCIES HURRY UP PLEASE AND PLEASE SOLVE IT ALL CORRECTLY I WILL VOTE
-
Different cash flow. Given the cash inflow in the following table, LOADING... , what is the present value of this cash flow at 5 % , 1 1 % , and 2 7 % discount rates? Question content area bottom...
Study smarter with the SolutionInn App