A good system of costing must place the same emphasis on cost control as on cost ascertainment.
Question:
“A good system of costing must place the same emphasis on cost control as on cost ascertainment.”
Comment.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
I need a transcript (what I'm going to talk and explain them) for my presentation from this book chapter 10 (page 271-277) "Controversy over regulation of int finance". Please help measap, deadline...
-
Chapter 2 User-Centered Systems Design: A Brief History Abstract The intention of this book is to help you think about design from a user-centered perspective. Our aim is to help you understand what...
-
What are the energies of the two longest-wavelength lines in the Paschen series for hydrogen? What are the corresponding wavelengths? Give your answers to two significant figures.
-
A company is considering a project that will require a cost outlay of $30 000 per year for four years. At the end of the project, the company expects to salvage the physical assets for $30 000. The...
-
In gymnosperms (conifers like Christmas trees), what types of cells occur in the axial system (the cells produced by fusiform initials)? Which cells are very rare (Table 8-2)? Wood of conifers is...
-
Now consider the last section, what lies ahead, and research the sources provided. Which one is more promising in terms of scenarios and why? What has to happen for having Singapore to overtake Hong...
-
Golden State Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to...
-
Using the lower of cost or market, what should the total inventory value be for the following items: Inventory Cost Market Value Total Cost Total Market Lower of Cost or Item Quantity per Unit per...
-
How does a self-analysis help you with career planning?
-
Why would you do follow-up after a job interview? What might it involve?
-
D. Faculti started in business buying and selling law textbooks, on 1 January 2016. At the end of each of the next three years, his figures for accounts receivable, before writing-off any bad debts,...
-
Part 2 One Stop Electrical Shop are merchandisers of household fixtures & fittings. The business began the last quarter of 2020 (October to December) with 25 Starburst Wall Clocks at a total cost of...
-
A species of butterfly has three subspecies A, B, and C. A scientist is trying to classify observed. specimens into these subspecies based on the color of their wings, which can be blue, green, pink,...
-
Stock during the year were sold for $8 per share. On December 31 , Portland had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with...
-
2) 20 pts. A 2-kg block rests on a wedge that has a coefficient of friction between the wedge and block of 0.3. The system accelerated to the right. Determine the maximum acceleration of the system...
-
ABC Ltd. is concerning about its poor performance and considering whether or not dropping the production and sells of product R, which incurs losses of Birr 4000. Additional information: The salaries...
-
When a 3600-lb automobile runs out of gas, it is pushed by its unhappy driver and a friend a quarter of a mile (0.250 mi). To keep the car rolling, they must exert a constant force of 175 lb. (a) How...
-
Controls can be identified based on their function. The functions are preventive, detective, and corrective. A. True B. False
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App