Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 07, 2024

3) Companies that make no variable-cost/fixed- cost distinctions must use absorption costing, and those that do make variable-cost/fixed- cost distinctions must use variable costing. Do

3) "Companies that make no variable-cost/fixed- cost distinctions must use absorption costing, and those that do make variable-cost/fixed- cost distinctions must use variable costing." Do you agree? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting 2021

Authors: Glenn Owen

4th Edition

0357442164, 9780357442166

More Books

Students also viewed these Accounting questions

Question

★★★★★

Identify and explain the four components of the NCP.

Answered: 1 week ago

Question

★★★★★

8-3 Describe the stages of the product life cycle and how marketing strategies change during a products life cycle. Product Life-Cycle Strategies (277284) objectiVe 8-4 Discuss two additional product...

Answered: 1 week ago

Question

★★★★★

What are the benefits of using positive self-talk? (p. 151)

Answered: 1 week ago

Question

★★★★★

1. What would be other clues that the AP system is in need of review? 2. Which individuals within the hotel need to be involved in this review process? 3. What would be the likely consequence(s) if...

Answered: 1 week ago

Question

★★★★★

Question 11 Expenses have a future benefit to the company. True False

Answered: 1 week ago

Question

★★★★★

Purple Company has $200,000 in net income for 2022 before deducting any compensation or other payment to its sole owner, Kirsten. Kirsten is single and she claims the $12,950 standard deduction for...

Answered: 1 week ago

Question

★★★★★

You manage a development organization. A member of one of your Scrum Teams keeps being interrupted by the "Operations Group", due to his domain expertise on a legacy application that is critically...

Answered: 1 week ago

Question

★★★★★

Worksheet 4: Measuring Supply Chain Performance; Inventory Measures The cost of goods sold last year at ZIP Corporation was$3,069,000(i.e., annual sales, at cost). The company operates 48 weeks per...

Answered: 1 week ago

Question

★★★★★

You could easily now be asking yourself "How could the speed of the bar possibly be constant when there is a force pulling it to the right and the rails are frictionless?" That is a very legitimate...

Answered: 1 week ago

Question

★★★★★

A welding process has been found to produce a bead which can be approximated by a triangle with its base equal to five times its height. Derive an equation for the bead Height based upon the volume...

Answered: 1 week ago

Question

★★★★★

Hey! Struggling with this question any help would be appreciated! A committee of 7 must be chosen to decide on a new school uniform. There are 9 adults and 19 students who wish to be on the...

Answered: 1 week ago

Question

★★★★★

Why should a department manager make an organizational personnel policy and procedure manual readily available to employees?

Answered: 1 week ago

Question

★★★★★

Why must an organization obtain an employees written permission before releasing any information concerning that employee? When may such information be released without employee permission?

Answered: 1 week ago

Question

★★★★★

Why have many organizations adopted the practice of permanently retaining the personnel files of past employees? What events have led to the creation of such a policy?

Answered: 1 week ago

Previous Question Next Question