Cite a specific example of non-value added activity that can be eliminated in a particular industry. Justify your answer.

Q: Match each of the following terms with the best definition. A. Theory of constraints B. Sunk cost…

A: Given the following question: Theory of constraints Sunk cost Differential analysis Opportunity…

Q: Sunk costs should always be included when considering the cost of an activity. True or false, and…

A: Sunk cost are those cost which are already incurred by the business , But business cannot recovered…

Q: Which one below is NOT an advantage of Activity Based Costing (ABC)? Group of answer choices   ABC…

A: Activity-based costing: It is a method that helps in finding the activities performed by a company…

Q: How can development projects be differentiated from one another in the marketplace?

A: How development projects are distinguished from one another in the marketplace:  Business designers…

Q: Problems with a fixed cost that is incurred only if an activity is undertaken at a positive level…

A: If there is a conduct of any activity at any positive level then it incurs an amount of fixed cost…

Q: "ABC systems may result in misallocation of indirect costs." Do you agree? Give reasons for your…

A: ABC system means Activity Based Costing system in which all indirect costs or overhead costs are…

Q: please explain the "principle of exceptions" as it relates to cost control.

A:

Q: One way that organisations compete is through technological innovation. However, there can be…

A: Technological Innovation is when a company uses technology to get a competitive edge compared to…

Q: Decentralisation has both costs and benefits. What are some reasons why organisations may choose to…

A: Decentralization: Decentralization can be defined as the practice of assigning the responsibility…

Q: To determine if a performance obligation exists,   A. none of the alternatives are correct.   B.…

A: Introduction: Performance obligation: Rendering service or delivering the goods are pending , its a…

Q: Explain the difference between a controllable and a noncontrollable cost.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: One cost that is irrelevant in decision making is a sunk cost Group of answer choices True False

A: Sunk costs are those costs that are already incurred and it is irrelevant for the decision-making as…

Q: Describe dropping unprofitable products or segments.

A: Dropping unprofitable products or segments means discontinue a particular product or segment which…

Q: Describe the difference between cost-saving and cost-increasing technology-based innovations.…

A: Cost-cutting innovations are enhancements that boost efficiency and lower expenses, resulting in a…

Q: An example of activity capacity that is acquired but not used and will not provide future benefits…

A: The question is asking for an example of a type of capacity that a company might acquire but not…

Q: Which of the following costs can be ignored when making a decision? a. Opportunity costs. b.…

A: Sunk cost can be ignored when making a decision. It is irrelevant cost for decision making.  Sunk…

Q: Cost objects may be: Multiple Choice O O products. services. departments. All of these answers are…

A: Cost allocation is used in analyzing or identifying the process to assign the cost to people, and…

Q: Is it possible to fully eliminate non-value added activities? If yes, how? If no, why?

A: Value can simply be defined as something which the customer is willing to pay or receive. Non Value…

Q: Critics of absorption costing have increasingly emphasized its potential for leading to undesirable…

A: Absorption Costing: The absorption costing is a method used to allocate the fixed manufacturing…