Why is it appropriate to use variable costing when planning production in the short term?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
Variable costing is appropriate when planning product...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is it appropriate to use the perpetuity formula from Chapter 3 to estimate the value of preferred stock?
-
Why is it appropriate to use the required rate of return on equity capital (rather than the weighted average cost of capital) as the discount rate in the residual income valuation approach?
-
Why is it appropriate to use a small open-economy model to explain events in the United States?
-
Find a PTLU factorization of the given matrix A. (Enter each matrix in the form [[row 1], [row 2],...], where each row is a comma-separated list.) 0 1 2 -1 4 1 1 3 3 A =
-
Ontario Company is involved in the manufacture and sale of high-quality racing and mountain bicycles. At the end of 2011, Ontario's balance sheet reported total accounts receivable of $250,000 and an...
-
Can you describe an experience where your leadership qualifications were particularly effective and made you realize that this was your strength as a manager?
-
Calculate the MHR from the following: (1) Cost of the machine Rs 19,200 (2) Estimated scrap value Rs 1,200 (3) Average repairs and maintenance Rs 150 p.m. (4) Standing charges allocated Rs 50 p.m....
-
Sam Smith, owner and general manager of Campus Stationery Store, is concerned about the sales behavior of a scanner at the store. He understands that there may be many factors, which may help explain...
-
Pina Inc. has decided to raise additional capital by issuing $187,000 face value of bonds with a coupon rate of 9%. In discussions with investment bankers, it was determined that to help the sale of...
-
Asbat Pharmaceuticals (Asbat) is a leading pharmaceutical company that has been in existence for 22 years. Asbat has a calendar year-end and is audited annually. Asbat only operates in the United...
-
When units produced equals units sold, how does operating income differ between variable costing and absorption costing?
-
What is a business segment? Give some examples.
-
Draw inlet and outlet velocity triangle for Pelton turbine and find expression for hydraulic efficiency.
-
The current rate of interest on S-T Treasury Bills = 10%, intermediate term Gov. Bonds = 11%, Lt- Gov. Bonds = 12%, AA rate Corp. Bonds = 13.5% and the rate of inflation is 5%. Holding-period returns...
-
Prepare Income Statement(absorption costing) for the second, third and fourth month. SALES (SP X unit sold) INCOME STATEMENT FORMAT (ABSORPTION COSTING) XXX Less: Cost of Goodsold VARIABLE COST (VC...
-
The following shows the distribution of final exam scores in a large introductory psychology class. The proportion under the curve is given for two segments (short answers-no calculations required)....
-
How much overhead was included in the cost of Job #461 at the beginning of January? * (1 Point). BREAD Co. uses a job order costing system. At the beginning of January, the company had 2 jobs in...
-
3. (3pt.) A state of a physical system is just a description of the system at an instant in time in terms of its properties. In classical mechanics, states are represented by points (in phase space)....
-
Although the Canadian banks did not suffer as much as other financial institutions around the world, they were not immune from the economic consequences of the subprime mortgage meltdown. In Canada,...
-
Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...
-
A first-order heterogeneous irreversible reaction is taking place within a spherical catalyst pellet \(200 \mu \mathrm{m}\) in diameter. \[a \xrightarrow{k^{\prime \prime}} b\] The reactant...
-
Consider the unadjusted trial balance of Star Limo Service Company at September 30, 2012, and the related month-end adjustment data. Adjustment data at September 30 follow: a. Accrued service revenue...
-
The adjusted trial balance of A Plus Events Piano Tuning Service, Inc., at fiscal year end October 31, 2012, follows. Requirements 1. Prepare A Plus's 2012 income statement. 2. Prepare the statement...
-
This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 2-61 of Chapter 2. Start from the trial balance and the posted T-accounts that Lawlor Lawn Service prepared at May 31,...
-
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
-
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
Study smarter with the SolutionInn App