Which of statement about management accounting information

Assignment Help Managerial Accounting
Reference no: EM132971587

Problem 1: Which of the following statement about management accounting information is incorrect?

a. The benefits of providing the information should outweigh the costs.

b. It is influenced by organisational structure and size.

c. It is only prepared on an ad-hoc basis.

d. It is used by senior managers.

Reference no: EM132971587

Questions Cloud

Find the contribution margin ratio for willie company : Willie Company sells 23,000 units at $32 per unit. Variable costs are $25.60 per unit, and fixed costs are $60,400. Determine the contribution margin ratio
What is the target cost if the selling price is reduced : What is the target cost if the selling price is reduced to $3,600 and the company wants to maintain the same profit margin percent?
Prepare the schedule of cost of goods sold for august : Prepare the Schedule of Cost of Goods Sold for August. Holmes & Watson Ltd specialises in home renovation and house flipping.
Journalize the transactions of may : Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry.
Which of statement about management accounting information : Which of statement about management accounting information is incorrect? The benefits of providing the information should outweigh the costs.
How do journalize the bond issuance for company : How do Journalize the bond issuance. On the first day of the fiscal year, a company issues a $1,300,000, 9%, 7-year bond that pays semiannual interest
What carrying value did saturn bank mark the investment : What carrying value did Saturn Bank mark its investment in Swampdragon at the end of 2021. Saturn Bank purchased a 26% stake in Swampdragon Inc
Why cost predictions based on same cost driver can differ : Why cost predictions based on the same cost driver can differ when applying the high-low method and regression analysis. State one advantage
Should etsy recognize advertising revenue from shipping : Etsy, Inc. is a two-sided online marketplace, Should Etsy recognize advertising revenue and revenue from shipping labels on a gross basis or on a net basis?

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