What are the points of similarity and difference between budgeted and standard costs.
Question:
What are the points of similarity and difference between budgeted and standard costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Budgeted costs and standard costs are both important tools in cost accounting and financial management but they serve slightly different purposes and have some key points of similarity and difference ...View the full answer
Answered By
Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts.
I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated.
Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Agland Ltd issues a 20-year coupon-bearing bond at par with a sinking fund provision requiring that 5 percent of the issue be retired each year. The par value of the bond is $1000. Foglund Ltd issues...
-
1) Visit this website's collection of political party platforms at: www.presidency.ucsb.edu/platforms.php 2) Choose any election year in the 20th Century and read both the Democratic and Republican...
-
Explain the similarity and difference between the data update and information currency problems associated with flat files.
-
Your company has just been names in as a defendant in a lawsuit because of an accident. The plaintiff is suing for $400,000 in damages. You have contacted legal counsel and the attorneys have advised...
-
Anna Joiner is developing a capital investment analysis for her supervisor. The proposed capital investment has an estimated residual value of $5,500 at the end of its five-year life. The company...
-
Why is social media brand management challenging for Instagram accounts? How do data help focus goals and objectives?
-
Goods worth ` 50 given as charity should be credited to (a) The charity A/c (b) Sales A/c (c) Purchase A/c
-
Mueller Company is considering the production of a new product. The expected variable cost is $21 per unit. Annual fixed costs are expected to be $882,000. The anticipated sales price is $84 each....
-
View Policies Current Attempt in Progress Oriole Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the...
-
Evaluate the matrix elements (or expectation values) given below. If any vanishes, explain why it vanishes using simple symmetry (or other) arguments. [In (a) and (b), |nlm stands for the energy...
-
Variance analysis is an integral part of standard cost accounting. Explain this statement.
-
What is standard costing and how would you distinguish it from budgetary control?
-
In trapezoid PQRS, PQ RS. Sketch PQRS and identify its bases and its legs.
-
A parent acquires all of the stock of a subsidiary for $40 million in cash. The subsidiarys books report the following account balances at the date of acquisition (in trial balance format)....
-
1. Given: The sign for the Inn of the Prancing Pony in Bree-yes, it comes in pints-is fixed on the end of a beam of length 5L. If the sigh deflects too much then Gandalf will hit his head when he...
-
Q21) Add positive and negative charges as shown in the diagram below. Use the arrows of the simulation to guide you in drawing continuous electric field lines around and in between the three charges....
-
When 10.1 g CaO is dropped into a styrofoam coffee cup containing 157 g H2O at 18.0C, the temperature rises to 35.8C. Calculate the enthalpy change of the following reaction in kJ/mol CaO. Assume...
-
4-12. Sometimes heterogeneous chemical reactions take place at the walls of tubes in which reactive mixtures are flowing. If species A is being consumed at a tube wall because of a chemical reaction,...
-
1. Why is the main objective of these cross-border mergers, whether the U.S. firm is the acquirer or the company that is acquired, to change the legal domicile of the merged firm from the standpoint...
-
Citing a scientific article, explain in your own words, how DNA fingerprinting has been used in forensic science to solve crimes and why it may not always be accurate or effective.
-
Inventory decision, opportunity costs. Lawnox, a manufacturer of lawn mowers, predicts that it will purchase 240,000 spark plugs next year. Lawnox estimates that 20,000 spark plugs will be required...
-
Relevant costs, contribution margin , product emphasis. The Beach Comber is a take-out food store at a popular beach resort. Susan Sexton, owner of the Beach Comber, is deciding how much refrigerator...
-
Selection of most profitable product. Body-Builders, Inc., produces two basic types of weight- lifting equipment, Model 9 and Model 14. Pertinent data are as follows: The weight-lifting craze is such...
-
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
-
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
-
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...
Study smarter with the SolutionInn App