What is a standard cost

Assignment Help Accounting Basics
Reference no: EM131884679

Question: (a) What is a standard cost?

(b) Provide an example of a manufacturing standard cost.

(c) What is an ideal standard?

(d) What is a practical standard?

(e) Should ideal or practical standards be used?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131884679

Questions Cloud

What budget models is the application best applied : Discuss how the calculation of the coefficient of variation (ratio of the standard deviation to the mean) can be applied in budget variance analysis.
Write a program that prints a menu : Write a program that prints a menu. Based on the menu item selected by the user, the program should request the required inputs from the user.
What is ownership of the parties after full ratchet : Suppose founders own 70% of company ING and VC's preferred stock shares are convertible at $1 per share. VC#1 has already put in $5M.
What will be the cost savings in 2013 : suming these costs increase with inflation, and the inflation rate is 4 percent, what will be the cost savings in 2013?
What is a standard cost : What is a standard cost? Provide an example of a manufacturing standard cost. What is an ideal standard?
Create a park on some vacant property on the outskirts : A community wants to create a park on some vacant property on the outskirts of the town (zoned commercial).
Identify three alternatives to historical cost accounting : Topic - Current Developments in Accounting. Identify and describe three (3) alternatives to Historical Cost Accounting (HCA)
How we can arrive at economic value by giving two examples : Explain the four market multiple ratios which were identified in this question and comment on the value of this company.
Write a report on the viability of the production : Write a report aimed at the CEO of the company advising her on the viability of the production of the proposed new product.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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