Describe the three different types of cost system that can be used to assign costs to cost
Question:
Describe the three different types of cost system that can be used to assign costs to cost objects. (p. 259)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
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
Question Posted:
Students also viewed these Business questions
-
Describe the three different types of cost system that can be used to assign costs to cost objects.
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
A creative engineer suggests structuring the TLB so that not all the bits of the presented address need match to result in a hit. Suggest how this might be achieved, and what might be the costs and...
-
Use (4.1), for a perfectly conducting fluid, and the nonlinear equation of continuity (1.1), to show that the change of B with time in a fluid element is related to changes of density according to...
-
A wind turbine with a blade diameter of 50 m is to be installed in a location where average wind velocity is 7.5 m/s. The average temperature and pressure of ambient air in this location are 23oC and...
-
Define the market price of risk.
-
The mean and standard deviation of a random sample of n measurements are equal to 33.9 and 3.3, respectively. a. Find a 95% confidence interval for p if n = 100. b. Find a 95% confidence interval for...
-
How does professional identity influence what Jackie might do in this case?
-
In the past year, Williams Mold & Machine had sales of $8,000,000 and total production costs of $6,000,000. In the coming year, the company believes that production can be increased by 30%, but this...
-
Define activities and cost drivers. (p. 259)
-
Explain why a cost accumulation system is required for generating relevant cost information for decision-making. (p. 258)
-
Eighteen months ago, Barry Shelton won a $2 million Maryland state lottery jackpot and chose to receive it as $120,000 annual annuity for the rest of his life. This year his brothers persuaded him to...
-
Skinovations needs to put together a Production schedule for next week and has asked its marketing team to give its forecasts for next week's sales. The team has used two different forecasting...
-
If a potential leader viewed her least preferred co-worker in favorable terms, how would Fiedler's Model describes this leader?
-
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company s financial statements,...
-
For our first discussion you should locate a research article in which a quantitative study is reported. This article should not be a theoretical article or a methods article, but should describe...
-
A box is separated by a partition which divides its volume in the ration of 3:1. the larger portion of the box contains 1000 molecules of Ne gas; the smalled portion contains 100 molecules of He gas....
-
Identify three tests of controls or substantive tests of transactions in the payroll and personnel cycle that an auditor may perform using audit software.
-
Carlton Stokes owns and operates a car-detailing business named SuperShine & Detailing. For $150, Carltons business will hand wash and wax customers cars, vacuum the interior, and thoroughly clean...
-
question 1- You borrow a simple loan of SR 500,000, interest rate is 20%, it matures in one year. what's the yied to maturity? question 2- calculate_i for One-Year Discount Bond with price(p) =...
-
Taste of Muscat is a reputed chain of restaurants operating in Oman. Assume You are working as a management accountant for this restaurant chain which is specialized in all types of Arabic food. Your...
-
Industry Current Year Minus 1 Current Year Minus 2 Company: Air Products and Chemicals, Inc. (APD) Stock Price: 306.72 USD Shares Outstanding: 220.89 M Financial Ratios Most Current Year Current...
Study smarter with the SolutionInn App