Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 31, 2023

Why do we need to consider fixed costs in cost accounting, even though they do not (directly / short-term) vary with output / decisions we

Why do we need to consider fixed costs in cost accounting, even though they do not (directly / short-term) vary with output / decisions we make?

Step by Step Solution

★★★★★

3.44 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Fixed costs are important in cost accounting because they represent the investments that a company h... blur-text-image

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

Economics

Authors: R. Glenn Hubbard

6th edition

978-0134797731, 134797736, 978-0134106243

More Books

Students also viewed these Finance questions

Question

★★★★★

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...

Answered: 1 week ago

Question

★★★★★

Case Swimmers Headphones1 Finally! Its the end of 2019 and you are sitting at your new desk in a plush office in north Bogota, with a delicious cup of Colombian coffee. You think about all it took to...

Answered: 1 week ago

Question

★★★★★

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...

Answered: 1 week ago

Question

★★★★★

List the directors duties in respect of going concern basis.

Answered: 1 week ago

Question

★★★★★

You began the systems analysis phase at New Century Health Clinic by completing a series of interviews, reviewing existing reports, and observing office operations. (Your instructor may provide you...

Answered: 1 week ago

Question

★★★★★

The spin of the ground state of Li, which constitutes 7.5 percent of natural lithium, is zero. Show that this value is not compatible with a model of the nucleus that consists of protons and...

Answered: 1 week ago

Question

★★★★★

For the events A and B of a sample space it is known that P(B) = 0.5 and P(AB) = 0.2. Then, the conditional probability P(A|B) equals (a) 0.6 (b) 0.3 (c) 0.5 (d) 0.1 (e) 0.15

Answered: 1 week ago

Question

★★★★★

In which stage of the industry life cycle would you place the following industries? a. Oil well equipment. b. Computer hardware. c. Computer software. d. Genetic engineering. e. Railroads.

Answered: 1 week ago

Question

★★★★★

Which of the following are impediments to business intelligence and analytics

Answered: 1 week ago

Question

★★★★★

The 50-lb plate ABCD is attached at A and D to collars that can slide on the vertical rod. Knowing that the coefficient of static friction is 0.40 between both collars and the rod, determine whether...

Answered: 1 week ago

Question

★★★★★

The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February 2, 2019) 10-K report relating to its leasing to its leasing activities. The aggregate minimum noncancelable annual...

Answered: 1 week ago

Question

★★★★★

The "Designing Organizations That Are Built to Change" reading makes the case that all employees, not just managers, must actively observe and report on market trends and propose opportunities. Group...

Answered: 1 week ago

Question

★★★★★

Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?

Answered: 1 week ago

Question

★★★★★

BC Transit drivers can get a bit annoyed when passengers keep complaining about either masks or late buses. A rather silly stats professor helps them by claiming that a bus journey time of 13.6...

Answered: 1 week ago

Question

★★★★★

If a researcher determines that the answer to an accounting question is located in a primary authoritative support, what should they do? If a researcher determines that the answer to an accounting...

Answered: 1 week ago

Question

★★★★★

A radio set of 20 kg mass must be isolated from a machine vibrating with an amplitude of 0.05 mm at 500 cycles per minute. The set is mounted on four isolators, each having a spring scale of 31400...

Answered: 1 week ago

Question

★★★★★

Financial Statement Homework #2 Name Upload a copy of ALL PAGES of the Financial Statement HW to the D2L dropbox. You must handwrite (not type) the assignment. Insert image of your assigned...

Answered: 1 week ago

Question

★★★★★

Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...

Answered: 1 week ago

Question

★★★★★

Use a graph to show the change in the aggregate demand curve resulting from an increase in government purchases if the government purchases multiplier equals 2. On the same graph, show the change in...

Answered: 1 week ago

Question

★★★★★

What arguments do economists and policymakers who believe that market-based reforms are the key to improving the health care system make in criticizing the ACA?

Answered: 1 week ago

Question

★★★★★

Briefly discuss the factors that caused the recession of 2007-2009.

Answered: 1 week ago

Question

★★★★★

Compare two conflicts in which avoiding worked in different ways one conflict you avoided eventually resolved itself, and another you avoided that ended up getting worse because you put off...

Answered: 1 week ago

Question

★★★★★

Based on your experiences with conflict, what would you say are your assumptions about conflict? How do they affect the way you make choices when you are faced with a problematic situation?

Answered: 1 week ago

Question

★★★★★

Think of a time when you felt that you handled a conflict well. What did you do that seemed competent to you? How do those behaviors contrast with a time when you felt you handled a conflict poorly?

Answered: 1 week ago

Previous Question Next Question