Give example of when a variable cost might not be relevant

Assignment Help Managerial Accounting
Reference no: EM132516725

Question 1: In order to make good decisions, management must be aware of which costs are relevant costs for decision making. For this reason, it is important to recognize how certain costs behave under changing conditions.

Question 2: Give one example of a situation in which a fixed costs may be relevant and one when a fixed cost may not be relevant.

Question 3: Give an example of when a variable cost might not be relevant.

Reference no: EM132516725

Questions Cloud

Do you agree or disagree with the argument : It is said that children's social behaviors and attitudes are influenced by what they see on TV, whether it be violence, prosocial skills, or a distorted view.
Explain the role of the management accountant : Explain Planning and Control and the role of the management accountant. Good management of any organization is not possible
What does it mean to consent to something : What does it mean to consent to something? Can we consent to anything, or does consent require certain capacities, abilities, and freedoms
Strategic management research journal : Create a entry in your strategic management research journal. Summarize Caterpillar Inc.'s organizational structure.
Give example of when a variable cost might not be relevant : In order to make good decisions, Give one example of a situation in which a fixed costs may be relevant and one when a fixed cost may not be relevant.
What is religion : What is religion? Why is it so important? What effect does it have on people? (In general) Please explain thoroughly.
How social schemas create judgments of our social world : Both automatic and controlled processing affect our attitudes, attributes, and perceptions including the perception of self as individuals engage in social.
List two of groups of people inside or outside organization : What purpose of Ratio Analysis? List two of the groups of people inside or outside the organization who use it, and state what kind of information each derive
What are the core branches of philosophy : What are the core branches of Philosophy?

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