What is the difference between process costing and backflush costing?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Backflush costing is a simple costing system that assigns materials and con...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
What is the difference between process and project work? Why is there often resistance to IS project implementations?
-
What is the difference between process potential and process performance?
-
What is the difference between process potential and process performance? Discuss.
-
Four different processes for baking Oreo cookies are considered for the 2008 season. The cookies produced by each process are evaluated in terms of their overall quality. Since the cookies sometimes...
-
Give the structure of the cycloaddition product formed when benzyne is generated in the presence of furan. (See Section 11.21, if necessary, to remind yourself of the structure of furan.)
-
Gross pay is: Select one: O a. something else - none of the answers above are correct. O b. the amount of an employee's pay before any deductions. O c. the amount of an employee's regular pay less...
-
What is the decision facing Alibaba? When youre already big it can be hard to get bigger. Thats why Alibaba is working hard to continue to expand its e-tailing empire. In 1999, Jack Ma, inspired by a...
-
MVP Sports Equipment Company is considering an investment in one of two machines. The sewing machine will increase productivity from sewing 150 baseballs per hour to sewing 270 per hour. The...
-
How does the Marketing and Sales expense change with the increase of customer retention rate from 70% - 80%? Estimate the NMC if customer retention rate was increased from 70% to 85% Retained...
-
Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 30 years and anticipate they will need funding for an additional 20 years. They...
-
What is the main difference between journal entries in process costing and in job costing?
-
Describe the effect of automation on the process costing system.
-
The region R 1 is bounded by the graph of y = tan x and the x-axis on the interval [0, /3]. The region R 2 is bounded by the graph of y = sec x and the x-axis on the interval [0, /6]. Which region...
-
do you agree wih this approach to dismantling the toxic culture? explain
-
Movies When randomly selecting a speaking character in a movie, the probability of getting a female is 0.331 (based on data from "Inequality in 1200 Popular Films," by Smith, et al., Annenberg...
-
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O'Donnell, a local merchant, to contribute the capital to form a partnership....
-
Exercise 6-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 6-3, 6-4, 6-5 Exact Photo Service purchased a new color printer at the beginning of...
-
Independent Events Again assume that when randomly selecting a speaking character in a movie, the probability of getting a female is 0.331, as in Exercise 1. If we want to find the probability of 20...
-
You are taking a $12,000 loan at 6%. If the maximum annual payment you can make is $2,000, how long will it take you to pay off the loan (hint: use NPER). Build a loan table which confirms your...
-
What are some of the possible sources of information about a company that could be used for determining the companys competitive stance?
-
Recently, policymakers have debated whether an increase in the federal minimum wage (currently $7.25 an hour) would be good for the economy. Use a Phillips curve to explain how inflation would change...
-
Why is inclusion of about 20 factors recommended in the EFE Matrix, rather than about 10 factors or about 40 factors?
-
In developing an EFE Matrix, would it be advantageous to arrange your opportunities according to the highest weight, and do likewise for your threats? Explain.
-
In developing an EFE Matrix, would it be best to have 10 opportunities and 10 threats, or would 17 opportunities (or threats) be fine with 3 of the other to achieve a total of 20 factors as desired?
-
Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2019 (unless otherwise indicated), are as follows:...
-
1-When accounting for an acquisition, goodwill is the difference between what two things? 2- What factors should be considered when deciding whether an acquisition should be financed with cash or...
-
What is the main friction Fluidity aims to address? REAL STATE
Study smarter with the SolutionInn App