User Account

All Pages

Under what circumstances would we use process costing

Assignment Help Managerial Accounting
Reference no: EM132566761

Question 1. In the past (when I first started accounting) we used for the most part either labor hours or machine hours to allocate the overhead costs. Why do we now use in many industries ABC costing?

Question 2. How if ABC costing determined for individual products?

Question 3. Under what circumstances would we use Process Costing?

Question 4. Is ABC used in the allocation of costs in both Process costing and Job costing

Reference no: EM132566761

Questions Cloud

What is the amount of the lease liability : What is the amount of the lease liability Northern Skies should report on its December 31, 2017 statement of financial position
Prepare t-accounts with the beginning balances shown : Prepare T-accounts with the beginning balances shown in the preceding list and record all transactions for the year including closing entries
Differences between gram positive and gram negative cells : What are three main/big differences between gram positive and gram negative cells?
What sales dollar level is required : If the company wants to earn a before-tax profit of $1,000,000, how many units must be sold? What sales dollar level is required
Under what circumstances would we use process costing : Is ABC used in the allocation of costs in both Process costing and Job costing? Under what circumstances would we use Process Costing?
Why is hemolysis connected to pathogenesis : Why is hemolysis connected to pathogenesis?
Discuss the cases associated with the right to privacy : Discuss the cases associated with the "right to privacy." What does this mean and what is the constitutional justification for this interpretation.
Product of one reaction is the substrate : many metabolic pathways that have several reactions in which the product of one reaction is the substrate for the next
What conditions is ethically defensible to outsource : Under what conditions is it ethically defensible to outsource production to the developing world where labor costs are lower? Provide the suitable example.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the direct labor rate variance

Standard variable overhead rate $24.50 per standard labor rate. Actual variable overhead costs are $4,520,000. How do I compute the direct labor rate variance?

  Calculate the earnings per share for 2015

There is no preferred stock outstanding. Calculate the earnings per share for 2015.

  Explain the principle of the accounting entity concept

What is Wine Equalisation Tax (WET)? How is this calculated and claimed by a business? Explain the principle of the accounting entity concept.

  Transferred completed products with a cost

Prepare journal entries to record the following production activities.

  Compute the casing and curing department cost

Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September

  How to calculate the level of ticket sales for each price

How to Calculate the level of ticket sales for each price, at which the company would be indifferent as between the fixed and percentage fee alternative

  How much peso sales are required to earn a target income

How much peso sales are required to earn a target income of P80,000 if total fixed costs are P100,000 and the contribution margin ratio is 40%?

  You must prepare a return on investment analysis

You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is trying to decide which outlet of two alternatives to open.

  What would be the present- day value of that future sum

What would be the present- day value of that future sum if it were received in 5 years. Show your calculations for converting a future amount

  What the industry volume and market share variances

If you add together the industry volume and market share variances, what do you get? Sales price variance, and all the cost variances, you get what?

  What JJ Company direct materials efficiency variance was

What J.J. Company direct materials efficiency variance was? J.J. Company uses a standard costing system in the manufacture of its single product.

  How would you set that in an excell document

What costs are relevant to each of the three alternatives: offshoring, relocating functions, and automating functions?

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