Why is the term direct costing a misnomer?
Question:
Why is the term direct costing a misnomer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
The term direct costing is a misnomer for variable ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
The term direct costing is a misnomer. Variable costing is a better term for the product-costing method. Do you agree or disagree? Why?
-
Why is the term overhead efficiency variance potentially misleading?
-
Why is the term double-entry an appropriate expression for describing an accounting system?
-
Part A What is the value of the bond angles in CC14? Enter the bond angle of the molecule. degrees Submit Hints My Answers Give Up Review Part Part B What is the value of the smallest bond angle in...
-
Zinc and cadmium have photoelectric work functions given by WZn = 4.33 eV and WCd = 4.22 eV, respectively. (a) If both metals are illuminated by UV radiation of the same wavelength, which one gives...
-
What are a firms key assets?
-
Heavy backpacks Refer to your graph from Exercise 5. (a) Describe the relationship between body weight and backpack weight for this group of hikers. (b) One of the hikers is a possible outlier....
-
Use the following information and deter mine the carrying amount of the property, plant, and equipment of Havelock Ltd. on July 1, 2017, the first day of its 2018 fiscal year. (An accounting equation...
-
Im stuck! Can someone please tell me what equations to use and where to pull information from on previous budgets/statements? Also, why is the quarterly amount wrong on the merchandise purchse...
-
2. A 2000-kg mixture containing 10% NaCl, 60% H2O, and 30% insoluble chalk is filtered such that for every 100 g of chalk, 0.500 g of solution adheres to it. Calculate: a) Mass of the filtrate b)...
-
Differences in operating income between variable costing and absorption costing are due solely to accounting for fixed costs. Do you agree? Explain.
-
Do companies in either the service sector or the merchandising sector make choices about absorption costing versus variable costing?
-
How can a template access the instance variables defined in an action method?
-
When CH4(g) reacts with O2(g) to form CO2(g) and H2O(g), 192 kcal of energy are evolved for each mole of CH4(g) that reacts. Write a balanced equation for the reaction with an energy term in kcal as...
-
Ben Rogers, Judy Wilkinson, and Henry Walker were the partnership dentists. Ben Rogers became insolvent because of real estate investments. So, Judy Wilkinson and Henry Walker had to then pay the...
-
A random sample of 10 subjects have weights with a standard deviation of 10.8148 kg. What is the variance of their weights? Be sure to include the appropriate units with the result.
-
of stion 1. Harmonic Test II. Root Test III. Ratio Test Consider the series 8 = 72 Which one of the following tests can be used to determine whether it is convergent or divergent? IV. Integral Test...
-
Pharaoh company obtains $44,800 in cash by signing a 7%, 6 month, $44,800 note payable to First Bank on July 1. Pharoah's fiscal year ends on September 30. What information should be reported for the...
-
Why is level of analysis a particular consideration in business research? Experimental design
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
Use the VSEPR theory to predict a probable shape of the molecule F 4 SCH 2 , and explain the source of any ambiguities in your prediction.
-
Due to the significance of the information theyre trusted with, management accountants are expected to observe well-defined professional ethical standards. Professional management accountant...
-
Dalworth Construction Company provides construction services for major projects. Managers at the company believe that construction is a people-management business, and they list the following as...
-
As the new controller, reply to the following comment made by your plant manager: When I install a proper accounting software, which can process all my daily accounting records and provide me with...
-
Julia Co. purchased a trading debt security on October 4 of the current year for $50,000. The market value of the stock investment at year-end is $47,000. What value will be reported in net income...
-
1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximatelly how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000?...
-
Why Should not the government subsidize home buyers who make less than $120K per year. please explain this statement
Study smarter with the SolutionInn App