What is the function of a costing department in a manufacturing concern? How is the costing department
Question:
What is the function of a costing department in a manufacturing concern? How is the costing department useful to other departments in a manufacturing concern?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
The costing department plays a pivotal role in a manufacturing concern by handling various costrelated activities and providing crucial information to support decisionmaking and efficient operations t...View the full answer
Answered By
Faith Chebet
In the past two years many of my students have excell with the knowledge I taught them.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
What is the function of a mutual fund? Why are mutual funds popular among investors? How does a money market mutual fund differ from a stock or bond mutual fund?
-
What is the function of a partners capital account under the rules of generally accepted accounting principles ( GAAP )? What is the partners initial balance in the capital account? How and when does...
-
Name one industry (retail, technology, biopharma, etc) that you find interesting and compelling and state why it attracts your interest. Lookup a public company in that industry - Who is it? Look at...
-
Suppose you are a large firm in a service business and you think that by acquiring a certain competing firm, you can generate growth and profits at a greater rate for the combined firm. You have...
-
Describe a procedure to get rid of a car phobia. LO6
-
Allotment of proportions of items of cost to cost centres or cost units is known as (a) allocation (b) absorption (c) measurement (d) apportionment Ans: (d)
-
J. Ackbar, a former professional tennis star, operates Ackbars Tennis Shop at the Miller Lake Resort. At the beginning of the current season, the ledger of Ackbars Tennis Shop showed Cash $2,500;...
-
URGENT! company xyz has beta coefficient of 1.4 and required return of 17 percent. the market return is currently 15% if the inflation premium increases by 2 percentage points, and the company...
-
SV Ltd. is a manufacturing company which has a sound system of financial accounting. The management of the company, therefore, feels that there is no need for the installation of a cost accounting...
-
Explain fully the concept of cost. How does cost accounting contribute to the effective and efficient management of an industrial establishment?
-
Awaiting his court appearance to be charged with securities fraud, David Myers sat in a jail cell in 2002 and counted the cinder blocks again and again to distract himself.1 In his pocket was a...
-
Scenario : Wanda, a BCBA, is updating an intervention plan for a leaner on her caseload to submit for insurance funding authorization. Part of the plan includes the completion of an adaptive...
-
a) how can your company accommodate generational or gender difference within your company ? b) how can your company accommodate communication and or language difference within your company ?
-
3. Consider the following data for two catalysts, A and B. The temperature is 25 C and the reaction occurs at standard conditions. a. Make a Tafel plot and determine the Tafel slope. Estimate the...
-
How consumption can be helpful in facilitating the construction of your identity? Explain the ways in which the symbolic meanings, connected with your consumption choices are important to you? Is...
-
Cataumet Boats, Inc. Jaime Giancola had just completed the first half of her MBA program and wanted to work on a project during the summer that would give her some practical experience applying what...
-
Malcolm (2004) stated that "although heavy [alcohol] drinking was associated with low self-esteem for women [on average]; the opposite was true for men". Based on this citation, was the mean...
-
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
-
All overhead costs are relevant in NPV analysis. Do you agree? Explain.
-
All overhead costs are relevant in NPV analysis. Do you agree? Explain.
-
Bill Watts, president of Western Publications, accepts a capital budgeting project proposed by Division X. this is the division in which the president spent his first 10 years with the company. ON...
-
1,600 Balance Sheet The following is a list (in random order) of KIP International Products Company's December 31, 2019, balance sheet accounts: Additional Paid-In Capital on Preferred Stock $2,000...
-
Question 3 4 pts 9 x + 3 x 9 if x 0 Find a) lim f(x), b) lim, f(x), C), lim , f(x) if they exist. 3 Edit View Insert Format Tools Table : 12pt M Paragraph B IV A2 Tv
-
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1,...
Study smarter with the SolutionInn App