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. Which of the following is a reason why traditional product costing techniques have become obsolete in a lean operating environment?a. More complex accounting is required in a lean operating environment.b. Computerized processes and systems under lean enable direct tracing of many costs.c. Automation has not significantly replaced direct labor hours with machine hours.d. Lean operations have not changed many of the cost patterns associated with traditional manufacturing.e. All of the above apply.
Determine Profit by Using Absorption Costing Assuming the fixed overhead absorption rate was Ksh.3 per litre, then what would be the profit utilizing absorption costing? a)
Estimate Fixed Overhead Variances Referring to data, we can estimate the fixed overhead variances as given below: Budget for December 2003;
(a) Calculate the number of US imports with and without the tariff. (b) Calculate the dead weight loss of the tariff. (c) Calculate the loss in consumer surplus resulting fro
material products
Comparison between Marginal Costing and Absorption Costing There are accountants who favour all costing method. Arguments in favour about absorption costing are specified a
a company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10,000 direct labor hours are as follows. Variable costs= 160000 Fixed Costs
A normal job-order costing system is a system that uses : A. actual costs for direct materials and estimated costs for direct labor and overhead B. estimated costs
meaning and scope of cost accounting
explain advantages of marginal costing
Absorption of Non Production Overheads in Production Cost Product costs may be compiled for a range of purposes including a) Stock valuation b) Product pricing c) Dec
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