What are the main objectives of cost accounting

Assignment Help Cost Accounting
Reference no: EM13847419

(i) What are the main objectives of cost accounting?

(ii) Discuss the treatment of over time premium in cost accounting.

(iii) Explain controllable and non-controllable cost with examples.

(iv) What are the main advantages of cost plus contract?

(v) Discuss the difference between allocation and apportionment of overhead

Reference no: EM13847419

Questions Cloud

What is the margin of safety for a profit : Sales volume if in the next period, the company suffered a loss of $30,000. What is the margin of safety for a profit of $90,000?
Calculate amount of bonus and total wages under emersonplan : Standard output in 10 hours is 240 units; actual output in 10 hours is 264 units. Wages rate is $10 per hour. Calculate the amount of bonus and total wages under EmersonPlan.
What are three methods used to control health hazards : What are three methods used to control health hazards in the workplace, and in what order should they be used. What is general ventilation, and what is the major disadvantage of using general ventilation. What is a smoke tube and how is it useful
Plotting some pois on a graph : Several types of point of interests (POI) such as - (1) Petrol station, (2) Taxi Stand, (3) ATM, (4) Hospital and (5) Shopping centre are located in a city. Their locations (longitude and latitude) are provided in a text file (a file will be provided..
What are the main objectives of cost accounting : What are the main objectives of cost accounting? Discuss the treatment of over time premium in cost accounting. Explain controllable and non-controllable cost with examples.
How the equipment will be fully integrated : how the equipment will be fully integrated
Compare the maximum temperature each surface reaches : To compare the maximum temperature each surface reaches for a given input power when in free convection.
What correlation levels between the two assets : a. Suppose we have two assets, A and B. What correlation levels between the two assets will yield diversification benefits in terms of portfolio risk reduction?b. At what correlation level will there be no diversification benefits in terms of portfol..
The common stock of perforated pools liners, : The common stock of Perforated Pools Liners, Inc.(PPL) now sells for $54.00 per share. The table below shows the anticipated stock price and dividend to be paid one year from now. Both the price and the dividend will depend on the level of growth exp..

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost allocation and apparent profitability diamonds etc

cost allocation and apparent profitability diamonds etc. manufactures jewelry settings and sells them to retail stores.

  Calculate the number of hours of direct labor

Calculate the number of hours of direct labor used during November and actual manufacturing overhead costs incurred during November totaled $166, 425. Calculate the amount of over- or underapplied overhead for November.

  Brilliant accents company manufactures and sells two styles

brilliant accents company manufactures and sells two styles of kitchen taps brass and chrome. the brass has been

  Calculate the monthly quality-control cost

Calculate the monthly quality-control cost to be assigned to the enamel paint line under each of the product-costing systems - traditional system which assigns overhead on the basis of direct-labour cost.

  Prepare a corrected balance sheet for almaden in accordance

Prepare a corrected balance sheet for Almaden in accordance with proper accounting and reporting principles. Prepare a description of any notes that might need to be prepared. The books are closed and adjustments to income are to be made through r..

  What is the projected npv for the investment

Calculate the projects annual free cash flow (FCF) for each of the next five years, where the firms tax rate is 35% - What is the projected NPV for the investment?

  Legitimate decision in computing depreciation

Find decisions that managers like Choi must make in applying depreciation methods and is Choi's rule an ethical violation, or is it a legitimate decision in computing depreciation?

  Prepare appropriate eliminating entries for this transaction

Prepare the appropriate eliminating entries for this transaction which would appear on the year-end December 31, 2005 worksheet.

  Adjusting entries needed at december-aaron lynch company

Prepare the adjusting entries needed at December 31, 2014 - Aaron Lynch Company has the balances in selected accounts on December 31, 2014.

  Determine the cost driver rate for each activity cost pool

Determine the cost driver rate for each activity cost pool and use the activity-based costing method to determine the unit cost for each product.

  Calculate the estimated uncollectible

Calculate the estimated uncollectible - Prepare the adjusting entry at December 31, 2008 to record bad debt expense.

  It costs 1000 for hand tools and 150 labor per unit to

it costs 1000 for hand tools and 1.50 labor per unit to produce a product. another alternative is to manufacture the

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