_8 following is NOT likely to happen if the costs of are never allocated to operating departments?

Q: The cost of maintaining records of Information is an example of cost. Internal failure costa Extemal…

A: Internal Failure Costs- Internal failure costs refers to the cost of product or service which is not…

Q: 6. What are costs that vary in proportions to changes in the activity base?

A: In cost accounting, different types of costs are incurred and accounted for. Some costs do not…

Q: Marginal costing can provide useful information for decision-making. However, there are limitations…

A: There are various limitations of marginal costing few of them are stated below.

Q: 4. Select an organization with which you are familiar-preferably one that you have worked in. To…

A: Experience of an 'audit firm'

Q: What are the best methods for dealing with difficult-to-measure costs and benefits, such as the…

A: When we make decisions, we often need to consider both the costs and benefits of different options.…

Q: 17. What are costs that remain the same in total dollar amount as the activity base changes?

A: The costs that remain same in total dollar amount is  Both cost per unit and activity base are…

Q: 8. ______________ is a professional service with an aim of improving the quality and transparency of…

A: Solution: Assurance  is a professional service with an aim of improving the quality and transparency…

Q: part of a process happen without negatively impacting another part? What are some reasons for erring…

A: Lean methodology eliminates waste to the core in a process and ensures that reduction in delays…

Q: Which of the following statements about a sunk cost is false? Question 11Answer a. It is relevant to…

A: In cost accounting, several type of cost classifications are there. These are like direct costs,…

Q: In a special order situation, any fixed cost associated with the order is irrelevant cost. True…

A: This question deals with the concept of relevant costing. In special order situation, generally all…

Q: The total cost of a cost object can only include the direct costs that are directly traced to that…

A: The total cost of a cost object includes both costs i.e costs that are directly traced and…

Q: ________ are the costs associated with not choosing the other alternative.A. Sunk costsB.…

A: The term "cost" alludes to the overall expense incurred in the production of goods and services as…

Q: Why does the high cost of the system negatively impact the organization's bottom line?

A: The question is based on the concept of bottom line of a company and its relationship with high cost

Q: What costs should not be considered in a decision making situation? Sunk costs Relevant costs

A: Some costs which cannot be recovered after having been incurred are not considered in decision…

Q: Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that…

A: Cost allocation refers to the process of distributing the single cost among various companies,…

Q: Why can cost benefit analysis be difficult to carry out?

A: Introduction: Cost benefit analysis can be defined as a process which is undertaken by an…

Q: None

A: Responsibility Accounting is a branch of accounting which states that the staff members of an…

Q: Future costs that do not differ among the alternatives at hand are not relevant in the given…

A: Answer --The statement is TRUE.

Q: Identify each of these costs as fixed, variable, or mixed.

A:

Q: Evaluate the significance of Gearing and Insolvency in cost management

A: Gearing refers to the degree of financial leverage, or the percentage of a company's assets that are…

Q: Abstract report on; The high cost of doing nothing.

A: There is an opportunity cost of anything we do. For example, a business organization opts to…

Q: Why should management explain poor performance in technical accounting terms? Only typed solution

A: The objective of the question is to understand the importance of explaining poor performance in…

Q: When there is a discrepancy between an actual condition and a desired condition, what should a…

A: The discrepancy between existing and a desired state of affairs is called Problem.