What is the primary disadvantage of basing the cost-plus pricing formula on absorption cost?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The primary disadvantage of absorptioncost or totalcost p...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078110917
9th edition
Authors: Ronald W. Hilton
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the primary disadvantage of ITF?
-
What is the primary disadvantage of sales promotion?
-
What is the primary disadvantage of the of the corporate form of organization? Name at least two of the advantages of corporate organization.
-
In which control account would you expect to find a provision for doubtful debts?
-
Your boss has asked you what the ending balance will be if he puts $8,000 into an investment earning 9% interest compounded annually. He plans to leave the money untouched for 29 years....
-
Please answer ASAP, I will make sure to leave a thumbs up!! A company returns inventory previously purchased on account and not yet paid for. Which accounts on the purchaser's books are affected? a)...
-
6.4 .488 A
-
The amount of denim used daily by the Southwest Apparel Company in its manufacturing process to make jeans is normally distributed with an average of 4000 yards of denim and a standard deviation of...
-
What are the limitations of financial statements, and how can stakeholders overcome these limitations ?
-
ABC College is a local education provider that specialises in software development, information management, and mobile application development training. The educational provider has recently opened a...
-
Write the general formula for cost-plus pricing, and briefly explain its use?
-
Explain the behavioral problem that can result when cost-plus prices are based on variable cost?
-
With a b-bit counter, we can ordinarily only count up to 2b 1. With R. Morris's probabilistic counting, we can count up to a much larger value at the expense of some loss of precision. We let a...
-
Company, a soft-drink vendor, has created a table of costs for three stocking decisions for three different states of nature: Alternatives States of Nature Low Demand Medium Demand High Demand Large...
-
utilizes a project scheduling software application to develop a project schedule for a construction project.
-
Kimi is a server or restaurant and relies on tips from a customers to make a living. She doesn't really enjoy her job and frequently think about quitting because she is constantly having 2% a happy...
-
What represents revenues (Inflow) and expenses (Outflow) for a healthcare organization? Your paper should include information on sources of healthcare revenue (governmental and private payers), how...
-
case study analysis should be a thoughtful write up including: 1.a brief case analysis 2.key questions and answers from the case from your unique perspective 3.a summary and/or recommendations...
-
What are the factors that lead individuals to resist change?
-
A summary of changes in Pen Corporation's Investment in Sam account from January 1, 2011, to December 31, 2013, follows (in thousands): ADDITIONAL INFORMATION 1. Pen acquired its 80 percent interest...
-
Puresound Ltd manufactures MP3 players in its Brishbane plant. The following costs are budgeted for March. _____________________________________________________ $4, 425 000 Raw materials and...
-
Refer to the information provided in Exercise 8.25. For each of the activities identified, indicate whether it represents a unit-level, batch-level, product-level, or facility-level activity? Explain...
-
Blusteel Ltd manufactures Blu-ray players and uses an activity-based product costing system that assigns labour and overhead costs. Below is an incomplete bill of activities for the high-volume...
-
Revenue Recognition and Sales Allowances accounting purposes ) . The goods are shipped from the warehouse on March 6 , and FedEx confirms delivery on March 7 . Ignore shipping costs, sales tax, and...
-
Ellis Perry is an electronics components manufacturer. Information about the company's two products follows: \ table [ [ , , , ] , [ Units produced,AM - 2 , FM - 9 , ] , [ Direct labor hours required...
-
Which of the following requirements to claim Earned Income Tax Credit is TRUE? The credit can be claimed under any filing status. The taxpayer must have a valid SSN for employment in the U.S., issued...
Study smarter with the SolutionInn App