Explain why variable bases should not be used to allocate fixed costs. LO1
Question:
Explain why variable bases should not be used to allocate fixed costs.
LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
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
Introduction To Cost Accounting
ISBN: 9780538749633
1st International Edition
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
Question Posted:
Students also viewed these Business questions
-
Explain why variable bases should not be used to allocate fixed costs.
-
1. Gladfly Ltd. specializes in custom paint jobs for motorcycles.The majority of its work arises from walk-in customers who have a general idea of the artwork they want on their bikes, but rely on...
-
PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...
-
23 On January 1, 2021, a company had an existing deferred tax liability attributable to a temporary difference of $20,000. The tax rate at this time was 30%. During 2021, a new law was passed that...
-
Everyday Application: Cities and Land Values: Some of the models that we introduced in this chapter are employed in modeling the pattern of land and housing values in an urban area. A: One way to...
-
A microbiologist is testing a water sample for E-coli. Suppose the null hypothesis, H 0 , is: the sample contains E-coli. Which is the error with the greater consequence?
-
A company manufactures a single product which it sells for 15 per unit. The product has a contribution to sales ratio of 40 per cent. The companys weekly break-even point is sales of 18000. What...
-
In a recent speech, the governor of your state announced: One of the biggest causes of juvenile delinquency in this state is the high rate of unemployment among 16 to 19 year olds. The low wages...
-
\f
-
Why is the dual-rate charging method better than the single-rate method? In what circumstances would it not matter whether dual or single rates were used? LO1
-
Explain why either normal or peak capacity of the producing (or user) departments should be used to allocate the fixed costs of support departments. LO1
-
The following data are taken from the financial statements of Colby Company. ________ _ __ _________________________ __2019 2018 Accounts receivable (net), end of year........$ 550,000............$...
-
Please give the journal entries, show solution and explanation to record the foregoing transactions and prepare the equity section of the statement of financial position as of January 31, 2020 under:...
-
Penny Inc. uses process costing. All direct materials are added at the beginning of the process. Information about July s activities is as follows: On July 1 : Line Item Description Value Beginning...
-
Gustav Inc. is considering a project that has the following cash flow data. What is the project\'s NPV if the company\'s cost of capital is 5 % ? Year 0 1 2 3 Cash flows - 4 7 0 0 2 3 0 0 4 1 0 0 1 6...
-
1. Listed below are selected line items from the cost of quality report for Max Products for last month. Category Rework 735 Equipment Maintenance 1,184 Product Testing 726 Product Repair 685 What is...
-
1. You pay $1m for a property with 9% cap rate, keep it for 5 years, and sell at the end of year 5 at the same cap rate. The selling costs are 5% of the price. What is your IRR? Enter your answer in...
-
A 1.50-m cylinder of radius 1.10 cm is made of a complicated mixture of materials. Its resistivity depends on the distance x from the left end and obeys the formula p(x) = a + bx2, where a and b are...
-
On July 1, 2011, Flashlight Corporation sold equipment it had recently purchased to an unaffiliated company for $480,000. The equipment had a book value on Flashlights books of $390,000 and a...
-
Georgia's and Xavier's money totalled $23.65. The ratio of Georgia's money to Xavier's money was 3:8. The ratio of Christie's money to Xavier's was 5:6. How much more money did Xavier have than...
-
On December 5,2007, the common stock of Google, Inc. (GOOG) was trading at $698.51. One year later, the share sold for $301.99 Google has never paid a common stock divided. What rate of return would...
-
please give an explantation to each question answer. \f
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App