Describe how a cost hierarchy and a bill of activities can improve the relevance and reliability of
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
A cost hierarchy managers classify activities into four l...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Susan V. Crosson, Belverd E. Needles
Question Posted:
Students also viewed these Managerial Accounting questions
-
Describe how a cost accountant would cancel a production order upon completion of the related product. Why is this important?
-
Describe the major differences between Maslows need hierarchy and Alderfers ERG explanation of motivation.
-
Describe general levels of cost hierarchy in activity-based costing systems.
-
"One need not be concerned with reliability and validity in applied marketing research." Discuss this statement as a small group.
-
What are the four stages of the consumption life cycle? What are post-purchase costs? Explain why a producer may want to know post-purchase costs.
-
What are the four basic backup and recovery features necessary in a database management system? Briefly explain each.
-
Do you think these methods are ethical or unethical? Why? (R-56)
-
A company manufactures three products using the same production process. The costs incurred up to the split-off point are $200,000. These costs are allocated to the products on the basis of their...
-
EXERCISE 5-8 Compute the Margin of Safety (L07) Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning next month's budget appear below: Selling price... Variable...
-
The Eastern Seaboard Company uses an estimated rate for allocating factory overhead to job orders based on machine hours for the machining department and on a direct labor cost basis for the...
-
Which of the following products would typically be accounted for using a job order costing system? Which would typically be accounted for using a process costing system? a. standard shirt buttons b....
-
You recently attended a workshop on budgeting and overheard the following comments as you walked to the refreshment table: a. "Budgets are the same regardless of the size of an organization or...
-
Hamilton Processing Company uses the weighted-average method and manufactures a single productan industrial carpet shampoo used by many universities. The manufacturing activity for the month of...
-
Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined...
-
Assume now that a new firm (firm N) discovers and patents a more efficient technology, summarized by thetotal cost function C = 10q. The new technology can be used only by the new firm, which enters...
-
1. How has Dell used virtual integration to become an industry leader? Dell has used virtual integration to become an industry leader by leveraging its global suppliers to reduce costs and provide...
-
3) Consider the asset pricing model with uncertainty in the slide. We derived the asset prices as Pb = Ps = - [nu' (y+Yn + e) + (1 )u' (y + y + e)] u'(e1) [nu' (y +n + ) + (1 )u' (y + y + e2)] u'(e1)...
-
Amazon is considered a leader in managing its supply chain. Describe in detail two parts of Amazon's Supply Chain Management that you see as critical to their success. Please provide your reasoning...
-
Search the Internet for a traceroute tool, or look online to figure out how to use the traceroute command built into your PC. Run three or more traceroutes to different firms at different locations...
-
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
-
Toby Andres owns a tree nursery. She analyzes her businesss results by comparing actual operating results with figures budgeted at the beginning of the year. When the business generates large...
-
Quester Company expects to sell 50,000 units of its product in the coming year. Each unit sells for $45. Sales brochures and supplies for the year are expected to cost $7,000. Three sales...
-
Operating budgets for the DiPaolo Company reveal the following information: net sales, $450,000; beginning materials inventory, $23,000; materials purchased, $185,000; beginning work in process...
-
solve this plz Alba Company is considering the introduction of a new product. To determine the selle price of the product you have The direct material permit The direct labor per unit The variable...
-
Calculate the current ratio collection period for accounts receivable, inventory turnover, gross margin percentage, and return on equity for 2014 and 2015 for the Jordan Corporation. Do not average....
-
A company received $11,000 cash in exchange for 200 shares of the companys common stock. What would the effect of this transaction on the current years accounting equation? Select one: A. No effect...
Study smarter with the SolutionInn App