Expense during that period - does variable costing violate

Assignment Help Managerial Accounting
Reference no: EM133440955

Question: Under variable costing, all fixed costs (including fixed product costs) are expenses in the period during which they are incurred (i.e. fixed product costs won't be part of the cost of goods sold). If fixed costs must be incurred during a given period, shouldn't they be expense during that period? Does variable costing violate the matching principle?

Reference no: EM133440955

Questions Cloud

Explain the pathophysiology of coeliacs disease : Explain the pathophysiology of coeliacs disease? When you introduce yourself to her, she seems small in stature and behaves younger than her age.
Discuss nursing research and canadian nursing research : Explore the T Vie Of Wi I susie Explore the role of the nurse indorsing a healthy policy for families and communities. Discuss nursing research
Impact of cases jurisprudence on zambian case law : Discuss the case AMERICAN CYANAMID CO v ETHICON LTD 1975 in detail and give clear examples of the impact of the cases jurisprudence on Zambian case law.
Discuss why nurses have a responsibility to uphold : Describe the posts or conversations in which you have engaged that might be considered inappropriate based on the professional standards of nursing.
Expense during that period - does variable costing violate : If fixed costs must be incurred during a given period, shouldn't they be expense during that period? Does variable costing violate the matching principle
Discuss zambian cases that influence law of frustration : Discuss Zambian cases that influence the law of frustration in Zambia. How different are these cases from the English standards
What type of communication techniques would you use : What type of communication techniques would you use to provide education and information to a patient diagnosed with impaired cognition? What interventions
Types of traditional ownership security devices : What are the advantages and disadvantages of possessory and non-possessory collateral? describe the various types of "traditional" ownership security devices.
How did the person react to the strength assessment : Who did you ask to do the strength assessment and affirmations? How come you chose that person? How did the person react to the strength assessment?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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