Direct and indirect expenses and identify bases for allocate

Assignment Help Accounting Basics
Reference no: EM13240808

1.In your own words, please distinguish between direct and indirect expensesand identify bases for allocating indirect expenses to departments.

2.There are many opportunities to use C-V-P analysis in business world. How have you used C-V-P analysis in your current position or some prior position that you held? You are not being asked to provide any calculations. instead,you are to share what types of business decisions you are /were trying to make. Be specific enough so that we can understand how you applied C-V-P or can apply C-V-P in the future. If you do not have work experience to draw upon, then answer these questions based on your understanding of the concepts

Reference no: EM13240808

Questions Cloud

A student heard that the average household watches 26.4 hour : A student heard that the average household watches 26.4 hours of t.v. per week, with a stand.dev. of 2.3 hours. He decided to run his own experiment and found that the average for the 58 people he surveyed was 27 hours. a) state H0 and H1 b) calculat..
Absolute frequency relative frequency : The data in the following tables are some of the results of an Internal Revenue Service survey of taxpayers. Analyze and interpret the data.
State calculated actual yield and calculated percent yield : Would a damp filter paper affect the theoretical yield, calculated actual yield and calculated percent yield. Briefly explain.
You have asked to research the high absenteeism rate in your : You have asked to research the high absenteeism rate in your company. One required analysis is to be by gender. Assume you have been asked to do the study via a survey.
Direct and indirect expenses and identify bases for allocate : 1.In your own words, please distinguish between direct and indirect expensesand identify bases for allocating indirect expenses to departments.
Explain the temperature of the system increase or decrease : A system obtains the amount of heat equal to q > 0 from the surroundings at constant volume. Will the internal energy of the system increase, decrease, or remain constant? Will the temperature of the system increase or decrease
If four population means are the same or different : Test to see if four population means are the same or different. Assume the populations are normally distributed and have equal variances. Use the formal hypothesis-testing model. State the conclusion in statistical terms and in conversational English..
Find the mass of the block of ice : A dockworker applies a constant horizontal force of 72.0N to a block of ice on a smooth horizontal floor, What is the mass of the block of ice
What hypothesis testing model my models handout would be use : What hypothesis testing model (my “models” handout) would be used under each of the following conditions. Use the “model number” from my handout if you wish. By line the information given in each cell is: Level of measurement, number of groups, sampl..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Effect of cost structure on profitability

Describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment

  Discounted value of the note receivable

SDD has also developed a second software package. They incurred development costs of $500,000. They are trading this software package in exchange for a small office building. The fair market value of this building is $675,000. Use $285,000 as the ..

  Amounts of components of pension expense

Desiree Griseta Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2004 in which no benefits were paid. Determine the amounts of the components of pension expense t..

  Company new required rate of return

The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First calculate the beta, then find the required return.)

  Accounts receivable-allowance for doubtful accounts

Prepare the entry to record bad debts expense for the period. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. What is the net realizable value of the receivables at the end of the period?

  Muriel taxable income problem

Muriel, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2009, she had interest income of $2,400 and $800 of earned income from babysitting. Muriel's taxable income is what?

  Differential income for processing rough-cut lumber

What is the amount of (a) the differential revenue, (b) differential cost, and (c) differential income for processing rough-cut lumber into finished cut?

  Which of the following costs can be traced directly to boxes

The accountant in a factory that produces biscuits for fast-food restaurants wants to assign costs to boxes of biscuits. Which of the following costs can be traced directly to boxes of biscuits?

  What was the fixed overhead spending variance

Patel and Sons, Inc., uses a standard cost system to apply overhead costs to units produced. Practical capacity for the plant is defined as 50,000 machine-hours per year, which represents 25,000 units of output.

  Economic order quantity model

The Economic Order Quantity (EOQ) model is helpful in determining accurate inventory decisions. Discuss the major inventory costs that are used in determining the EOQ.

  Why vial-tek may desire to have an audit

Vial-tek has an existing loan in the amount of 3.5 million with an annual interest rate of 9.5%. The company provides an internal company prepared financial statement to the bank under the loan agreement.

  Determining value of the ending inventory

A fir that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. 10,000 units were purchased @$9.00 each. Using FIFO what is the value of the ending inventory of 3,000 units?

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!

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