What problem arises when cost driver rates are based on planned or actual short-term usage?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (19 reviews)
Determination of cost driver rates based on planned or ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Cost Accounting questions
-
Life insurance rates are based on life expectancy values compiled for large demographic groups. But with improvements in medical care and nutrition, life expectancies have been changing. Here is a...
-
Cost rates for peak- and nonpeak-hour capacity usage XZ Discount Brokerage is trying to determine the cost of supplying computing resources in order to determine how much to charge for trades. The...
-
What accounting problem arises if an internal service fund is operated at a significant profit? What accounting problem arises if an internal service fund is operated at a significant loss?
-
Design for Quality (D4Q) is a consulting firm that specializes in the design and implementation of quality management programs for service companies and organizations. It has had success designing...
-
Compute the dollar change and the percentage change in Navin Ltd.'s working capital each year during 2016 and 2017. Is this trend favourable or unfavourable? Total current assets Total current...
-
After a summer of travelling (and not working), a student finds himself $1,500 short for this years tuition fees. His parents have agreed to lend him the money for three years at a simple interest...
-
Hewlett-Packards Contingent Liability Following is an excerpt from Hewlett-Packards notes that accompanied its financial statements for the year ended October 31, 2006: HP is party to, or otherwise...
-
Kasten Inc. provides paid vacations to its employees. At December 31, 2010, 30 employees have each earned 2 weeks of vacation time. The employees average salary is $500 per week. Prepare Kastens...
-
A plane lamina with mass density 0(X, y) = 2 txfyz occupies the region in the xy-plane bounded by X = 0, y = ex, and y = 9. Find the total mass M of the lamina, the moments Mx and My, and the center...
-
Benson Enterprises is evaluating alternative uses for a three-story manufacturing and warehousing building that it has purchased for $2.16 million. The company can continue to rent the building to...
-
Why do firms use multiple indirect cost pools?
-
Why are predetermined cost driver rates used when recording job costs?
-
Use the information in the diagram to find the measure. mLYXW = 60. Find WZ. 30 W 9 Z
-
Compare and contrast green marketing vs sustainability marketing using advertisements (TV or print media) of your choice. with 2 references
-
2 (a) Find the volume of solid bounded by the paraboloid z=4-x2-2 and the xy- plane. (b) Use cylindrical coordinates to evaluate 1 = x+y2dV, where S is the hemisphere x+y+z 4, z0.
-
CSU Inc. is ordering branded snow scrapers for cars. They are expecting this product to sell very well in the holiday season. For December, they are expecting a normally distributed demand of 400...
-
Departmental goal - Manufacture the first autonomous electric car within 24 months. ("Hoorah Strategic Organizational Goals", 2021) Measurement - . Cost of materials, suppliers identified within 2...
-
. Write a Java program create a two-dimesional array Arr[3][4] of type int inside main method. Assign the values to the array and apply the following: a) Print out all elements inside the array. b)...
-
Stanford University conducted a study of whether running is healthy for men and women over age 50. During the first eight years of the study, 1.5% of the 451 members of the 50-Plus Fitness...
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
In an integrated world capital market, will higher interest rates in, say Japan, mean higher interest rates in, say, the U.S.?
-
Stainless Refrigerator Company purchases ice makers and installs them in its products. The ice makers cost $138 per case, and each case contains 12 ice makers. The supplier recently gave advance...
-
On March 26, Sinker Industries received a special order request for 120 ten-foot aluminum fishing boats. Operating on a fiscal year ending May 31, the company already has orders that will allow it to...
-
Sports, Inc., is a nationwide distributor of sporting equipment. The corporate president, Wesley Coldwell, is dissatisfied with corporate operating results, particularly those of the Spring Branch,...
-
A U . S . company's foreign subsidiary had these amounts in local currency units ( LCU ) in 2 0 2 4 : \ table [ [ Cost of goods sold,LCU 5 , 0 4 0 , 0 0 0
-
Sharp Company manufactures a product with the following standards: \ table [ [ , Standard Quantity,Standard Price or , Standard ] , [ , or Hours,Rate,Cost ] , [ Direct materials, 3 feet,$ 5 per...
-
Beyer Company is considering buying an asset for $ 2 7 0 , 0 0 0 . It is expected to produce the following net cash flows. \ table [ [ , Year 1 , Year 2 , Year 3 , Year 4 , Year 5 ] , [ Net cash...
Study smarter with the SolutionInn App