What are the benefits of variable costing for internal reporting purposes?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Variable costing facilitates CVP analysis since fixed and ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Grimstad Company uses FIFO for internal reporting purposes and LIFO for financial reporting and income tax purposes. At the end of 2007 the following information was obtained from the inventory...
-
Monrad Corporation uses variable costing for internal reporting purposes. Its preadjusted trial balance for the year ended December 31 shows Cost of goods sold (at variable cost)...
-
What are the benefits of using data flow diagrams? Who benefits from DFDs?
-
27 13. Name-4 Abdominal Quadrants and 9 Abdominopelvic Regions using the PowerPoint Number Quadrant 1 2 3 4 Number Region 1 2 D. Bladder: E. Small Intestine: F. Spleen: G. Pancreas: 34 5 6 Tolla 7 8...
-
How are history bits used for branch prediction?
-
Keefer, Inc., began business on January 1, 2016. Information on its inventory purchases and sales during 2016 and 2017 follow: Required: 1. Calculate ending inventory , cost of goods sold, and gross...
-
What information must a company disclose in its financial statements about its various operating segments? LO3
-
Firms often enter into transactions that are peripheral to their core operations but generate gains and losses that must be reported on the income statement. A gain labeled peripheral by one firm may...
-
What do you understand by credit enhancement? Explain in details with examples.
-
Figure 17.23 shows the state diagrams of two possible cache coherence protocols. Deduce and explain each protocol, and compare each to MESI. Figure 17.23 Two Cache Coherence Protocols RO) RU) Wo Rii...
-
Explain why income computed under full costing will exceed income computed under variable costing if production exceeds sales.
-
Why would the difference between income computed under full costing and income computed under variable costing be relatively small if a company used a JIT inventory management system?
-
[(Z P) P] P When possible, determine the truth values of the following symbolized statements. Let A and B be true, Y and Z false. P and Q have unknown truth values. If the truth value of the...
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
The Dawes Corporation has 1 million shares of 9% cumulative preferred stock outstanding with a stated value of $100 per share. If Dawes does not pay dividends for two years, what will be the amount...
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
Para-xylene (p-xylene) is an important chemical intermediate in the manufacture of polyester fi bers. It is produced in high volume (around 109 kg/year). Consider a mixed stream of 60% m-xylene, 14%...
-
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to...
-
Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involvedCleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during...
-
Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involvedCleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during...
-
Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits...
-
Which of the following partnership items are not included in the self-employment income calculation? Ordinary income. Section 179 expense. Guaranteed payments. Gain on the sale of partnership...
-
Phantom Consulting Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program...
Study smarter with the SolutionInn App