User Account

All Pages

Advantages and disadvantages of standard costs

Assignment Help Accounting Basics
Reference no: EM13919059

What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

Reference no: EM13919059

Questions Cloud

Is check out time at wal-mart used to meet the needs : Is check out time at Wal-Mart used to meet the needs or requirements of its (served and/or prospective) target market(s)? If so, how is checkout time used to attain a sustainable competitive advantage?
Business finance help-bonds solution : 1. Explain the difference between Bond Yield (Yield to Maturity) and Coupon Interest Rate. 2. What factors determine a bond's rating and why is the rating important to the firm's manager?
Cost-volume-profit (cvp) analysis : For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?
Record the events under an accounting equation : Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
Advantages and disadvantages of standard costs : What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.
Prescribe to help stabilizing mood swings : Gail suffers from bipolar disorder. Which drug is Gail's doctor likely to prescribe to help stabilize her mood swings?
Determine the optimal assignment of suppliers to divisions : For each supplier-division combination, compute the total cost of supplying the division's demand. Determine the optimal assignment of suppliers to divisions.
Possible customer returns or account adjustments : On July 15, Mann Company sold $600,000 in accounts receivable for cash of $500,000. The factor withheld 10% of the cash proceeds to allow for possible customer returns or account adjustments. An Allowance for Bad Debts of $80,000 had previously been ..
How differentiation strategies help achieve a competitive : Michael Porter suggests the strength of a company ought to be classified into two components: cost advantage and differentiation. How can differentiation strategies help achieve a competitive advantage for small e-businesses?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd