Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

why the standard cost is usually considered as predetermined and opportunity cost is not recorded in the books of accounts?

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

Fundamentals Of Oil And Gas Accounting

Authors: Charlotte J. Wright, Rebecca A. Gallun

5th Edition

1593701373, 978-1593701376

More Books

Students also viewed these Accounting questions

Question

★★★★★

Past insurance company audits have found that 2 percent of dependents claimed on an employee's health insurance actually are ineligible for health benefits. An auditor examines a random sample of 7...

Answered: 1 week ago

Question

★★★★★

1.19. Check whether you have access to JSTOR (Journal Storage) at your school by visiting www.jstor.org. If so, click on Browse and then Sociology or another discipline of interest to you. Select a...

Answered: 1 week ago

Question

★★★★★

Research shows that an eyewitnesss memory for details of crimes can contain signifi cant errors. How might a lawyer useLO 22-1 How do people use language?

Answered: 1 week ago

Question

★★★★★

On May 1, 2012, Noah Unlimited issues 9%, 20-year bonds payable with a maturity value of $200,000. The bonds sell at 103 and pay interest on May 1 and November 1. Noah Unlimited amortizes bond...

Answered: 1 week ago

Question

★★★★★

As a part of an employment interview, you are given the partial income statement and selected financial ratios shown for Sneaky Petes, a chain of western stores. Sneaky Petes is organized into two...

Answered: 1 week ago

Question

★★★★★

34.13 An underwater diver sees the sun 60 above the horizontal. How high is the sun above the horizon to a fisherman in a boat above the diver? 34.21 An object is 20 cm in front of a converging lens...

Answered: 1 week ago

Question

★★★★★

As the new production manager of a small manufacturing plant in Tennessee, you've been charged with making beneficial changes to the production line. After interviewing nearly all of the workers,...

Answered: 1 week ago

Question

★★★★★

Reep Construction recently won a contract for the excavation and site preparation of a new rest area on the Pennsylvania Turnpike. In preparing his bid for the job, Bob Reep, founder and president of...

Answered: 1 week ago

Question

★★★★★

A worker views leisure and income as "goods" and has an opportunity to work at an hourly wage of $16 per hour. a. The worker's opportunity set in a given 24-hour period is illustrated below.What are...

Answered: 1 week ago

Question

★★★★★

Question 26 [2 points} Using expansionary policies to combat a recession would 0 increase a budget deficit. 0 increase a budget surplus. 0 decrease discretionary spending. 0 increase federal revenue....

Answered: 1 week ago

Question

★★★★★

To analyze a complex negotiation (work, personal, or historical) To apply negotiation course concepts in your analysis. These objectives, while straightforward, are critical to your learning....

Answered: 1 week ago

Question

★★★★★

When customers ask for your guarantees to be implemented, do your staff use the occasion to try to regain the customers confi dence?

Answered: 1 week ago

Question

★★★★★

What system does your company have in place to ensure that once a complaint has been heard, it is passed along to an appropriate person or committee so the organization can learn from customer...

Answered: 1 week ago

Question

★★★★★

How does your organization work with the principle of reciprocity? What do you offer customers when a service breakdown occurs?

Answered: 1 week ago

Previous Question Next Question