Based on the above information, the variable manufacturing overhead rate variance is?

Q: Discuss the advantages of activity-based costing.

A: Activity Based Costing:   The approach of activity based costing keeps the record of resources…

Q: synthesis of contemporary key costing?

A: Costing refers to the process of determining the cost of a product or service

Q: "Standard costing improves the control function" comment

A: Standard costing is one of the technique of accounting.  Standard costing is the method which…

Q: ustomizing cost

A: Cost accounting is one of the accounting system that is used by the businesses. The main purpose of…

Q: how activity based costing has been discovered?

A: Activity-based costing, often known as ABC, is a way of allocating overhead and indirect expenses to…

Q: Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The…

A: Product cost refers to those expenses which are incurred by a company while manufacturing a…

Q: Classify the following cost drivers as structural, executional, or operational.

A: Classification of cost derives: Classification 0f the given cost drivers as structural, executional,…

Q: An investment center in Shellforth Corporation was asked to identify three proposals for its capital…

A: Given:

Q: Why can full cost accounting lead to wrong management decisions?

A: Full cost accounting says that total costs of the product either it is fixed costs or it is variable…

Q: Following is information for 2022 Budget Actual Indirect costs $220,000 $300,000 Annual salary of…

A: The cost rate is calculated as total cost divided by number of hours.

Q: Discuss the disadvantages of activity-based costing.

A: Activity Based Costing: The approach of activity based costing keeps the record of resources usage…

Q: Assume that a transfer price of $162 has been established and that 37,500 units of materials are…

A:

Q: Explain why knowledge of cost behavior is useful in product performance evaluation.

A: Definition: Product performance: Product performance indicates how well the product is flourishing…

Q: job costing system implementaion?

A: Job Costing System: The act of gathering information on the expenses associated with a particular…

Q: An investment center in Shellforth Corporation was asked to identify three proposals for its capital…

A: ROI is the return on investment that checks the entity's efficiency in generating returns from an…

Q: Explain Classifying Costs for Manufacturing Environments?

A: The costs are classified in the manufacturing environment as follows: Based on nature: Direct…

Q: Explain the Role of absorption costing to improve organisational performance

A: Absorption costing means absorption of all cost of company. It allocates fixed overhead cost to the…

Q: Are activity-based costing systems appropriate for the service industry? Explain.

A:

Q: Describe management’s use of absorption and variable costing.

A: Absorption costing is also known as Full absorption costing. It is one of the managerial accounting…

Q: Explain the following concepts: indirect materials Mixed cost Budgeting Margin of safety

A: The total manufacturing cost of the product is determined by including the direct material, labor,…

Q: Discuss the disadvantages of Absorption Costing for cost control and performance evaluation.

A: Absorption Costing: Absorption costing is a method for calculating the full cost or total cost of a…

Q: Which type of cost center has a planning focus, and which type has an evaluation focus?

A: Cost Center: It is a department within an organization to which costs can be assigned.

Q: Describe planning for variable overhead costs.

A: Variable Cost: The cost which is not fixed is called a variable cost. This cost is directly…

Q: Describe how life-cycle costing facilitates strategic management.

A: Life cycle costing:   Life cycle costing is an economic analysis used by the selection of…

Q: Define Cost recovery method

A: Cost recovery is a method in accounting wherein a business only records the revenue it earns from a…

Q: Distinguish between activities and cost objects in activity-based costing.

A: Definition: Activity-based method (ABC): The costing method which allocates overheads to the…

Q: P9-1 Tampa Corporation uses FIFO process costing. It had the following results in September:…

A:

Q: Define standard costs and briefly indicate how they may beused by management in planning and…

A: Standard costs: Standard costs are the per-unit cost that is expected to be incurred under normal…

Q: Variable Costing, Absorption Costing During its first year of operations, Snobegon, Inc. (located in…

A: Under Variable Costing, Contribution margin = Sales - Variable cost Operating Income = Contribution…

Q: evolution  of Activity based costing?

A: Introduction:- Activity-based costing (ABC) is a cost accounting methodology that assigns overhead…

Q: Adoption of Activity based costing?

A: Introduction:- In this context, the question is asking about the factors that influence the adoption…

Q: Match the definitions to the two generic strategies. is an organization's ability to achieve lower…

A: Lets understand the basics. Management in order to increase market share in the industry uses…

Q: Cost of Quality Report

A: Formula to calculate percent of total quality cost: Percent of total quality cost = (quality cost…