Why is abc applicable in non-manufacturing organizations

Assignment Help Financial Accounting
Reference no: EM132769676

Problem 1: Why is activity based costing [ABC] applicable in non-manufacturing organizations?

Problem 2: Explain "Set-up Costs" in:

a) a manufacturing environment

b) a service business

Problem 3: Explain why it is important for management to understand cost behavior in order to make good business decisions?

Problem 4: How can you tell that a cost is a mixed cost rather than a fixed or variable cost? Provide an example.

Problem 5: ABC can be a powerful costing tool, if used effectively. Explain.

Reference no: EM132769676

Questions Cloud

What is governance and compliance : What is governance and compliance? Why is it necessary to enforce governance and compliance in an organization?
Prepare journal entries for whispering related to contract : Prepare the journal entries for Whispering related to this contract. Either party may terminate the contract without compensation until one of the parties
Propose unique interface : Each student will propose a unique interface they would like to develop during the tenure of this course.
Product idea and search engines-electronic marketing : Develop a product service idea. Describe the product/service including the benefits of using the product/service.
Why is abc applicable in non-manufacturing organizations : Why is activity based costing [ABC] applicable in non-manufacturing organizations? ABC can be a powerful costing tool, if used effectively. Explain.
Explain the problem of unknown risks for financial : Explain the problem of unknown risks for financial instruments in furthering the 2007-2009 financial crisis.
Undertake practical database application development work : Undertake practical database application development work to meet specified requirements and write a reflective report that evaluates the quality of your work
Using social media and networking : Develop a product service idea. Describe the product/service including the benefits of using the product/service.
What is the economic order quantity : Annual demand is 450 windows (an average of 9 every week). Average cost of each window is P250. What is the economic order quantity

Reviews

Write a Review

Financial Accounting Questions & Answers

  Uses job order costing system

Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,00..

  Distinguish between capital and revenue expenditure

Distinguish between capital and revenue expenditure.- The following costs were also incurred by Drake Ltd during the financial year ended 30 June.

  Adjusting entries for a publisher of magazine

Preparation of journal entries and adjusting entries for a publisher of magazine and journal entries to record the newsstand sales and subscriptions received.

  Model business corporation act

Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation and An individual who joins an existing partnership has no liability for partnership debts that arose prior to his joining the partnership.

  Determines asset will probably only last three more year

Company management determines that the asset will probably only last three more years. How should this change be handled?

  Compute the cost of goods available for sale

Compute the cost of goods available for sale and compute the value of ending inventory and Cost of Good Sold under the LIFO method or FIFO method.

  How does rule of law specifically apply given specific facts

How does the rule of law specifically apply given the specific facts of the case at issue? In other words, given the rule of law that should apply, which party wins according to that rule given the facts of the case being heard?

  Describe communication challenges team members often face

Describe communication challenges team members often face. Discuss team mental models and how best to use them to build effective team communication.

  Questionlee financial services pays employees monthly

questionlee financial services pays employees monthly. payroll information is given below for january 2013 the first

  Compute the effect of this error on net income for 2017

Compute the effect of this error on net income for 2017 and the effect on net income for 2018, and indicate the direction of the misstatement for each year.

  Determine what is the current book value of the equipment

ABC Company purchased a 3-year MACRS property for $52,627 3 years ago. What is the current book value of this equipment?

  What does the term LIFO liquidation mean

Should the president be enthralled with the new controller? Explain your answer. What does the term LIFO liquidation mean

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