not easily traceable and are allocated to a cost object u not abbreviate or add any extra spacing in your answer

Q: Controllability has little to do with whether a cost is fixed or variable.  Select one: True False

A: Fixed cost is the cost that is related to the production of a good or services. It is the amount…

Q: Q 7: prices What is meant by Transfer price and why transfer are needed?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Any cost that is avoidable is relevant for decision purposes. O A. True O B. False

A: Relevant costs are those costs that are affected by the specific management decision being…

Q: 3. The allocated cost of an abnormal gain is credited to the process account. 4. The inputs to a…

A:

Q: Assignment problem is only used to determine the total cost for transportation Select one: True…

A: Following is the answer to the given question

Q: he following statements are incorrect, except a. Cost is the same with expense. b. All costs…

A: Cost accounting refer to the outflow of money for the purpose of acquiring assets, producing goods…

Q: Allocating common costs to individual segments does not make the allocated amount avoidable in the…

A: Allocating common costs to individual segments does not make the allocated amount avoidable in the…

Q: When risk of measurement error increases in using ABC Select one: O a. a & b O b. When costs are…

A: The question is multiple choice question and related to Activity Based Costing. Required  Choose the…

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: Examples of transaction costs

A: Transaction costs are the costs which occur during buying or selling of services and goods. They are…

Q: Which costs assignment method would you use to assign prime costs to a product: a.direct tracing…

A: Prime cost: prime cost is total of direct cost that is direct material, direct labor and direct…

Q: Label each of the following statements as either true (“T”) or false (“F”). Relevant costs are also…

A: Relevant costs: These costs can be defined as the costs that can be avoided if we choose over option…

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: Indirect material cost is that which cannot be conveniently identified with and allocated to cost…

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.

Q: Match the type of cost shown in the left column with the corresponding description shown in the…

A: 1. Irrelevant Cost - (B)  A cost that is not pertinent to a particular decision. 2. Future Outlay…

Q: Replacement cost represents the current cost to replace the assets at the current level of service…

A: Replacement cost refers to the cost that would be incurred to replace an asset with an identical or…

Q: True (t) or False (f) ______ The historical cost principle would be of limited usefulness if not…

A: Historical cost principle says that all assets and liabilities of business should be recorded at…

Q: Direct lobour cost always be variable is_______ system

A: The income statement of the company will be prepared, and maintained by the management which will…

Q: Choose one correct answer by writing down the question number and the letter representing the answer…

A: Costs are classified as direct and indirect costs. Direct costs are a cost which is directly related…

Q: costs in which there are variable components and fixed components.....

A: Fixed costs will not change with the change in the level of production. Variable costs will change…

Q: One disadvantage of activity-based costing is that it cannot be used for external reporting. This is…

A: Introduction Activity based Costing (ABC) is a method of assignment of overhead costs to the…

Q: Which of these statements is incorrect: A. Contango occurs when the Basis, Pf - Ps is positive.…

A: Contango is a market condition where the futures price of a commodity is higher than the current…

Q: TRUE OR FALSE ABC's objective is to trace costs to products or services as directly as possible.

A: Activity-based costing. This is an overhead allocation method in which overhead and Indirect costs…

Q: Uncontrollable costs are the costs which be influenced by the action of a specified member of an…

A: In the process of manufacturing goods certain costs are incurred. The type of costs involved in the…

Q: A is not an example of a cost objective. a. department b. product c. territory d. All of these…

A: The question asked to find correct the option from the given options.   Cost object: The cost object…

Q: TRUE OR FALSE In activity-based costing systems, costs are not classified as either direct or…

A: Answer:   In activity-based costing systems, costs are not classified as either direct or indirect…

Q: Santa Clara Furniture Company manufactures designer home furniture. Santa Clara uses a standard cost…

A: Lets understand the basics.Management calculates standard costs in order to compare it with actual…

Q: determine whether overhead is overapplied or underapplied. It is also formatted as a table, but I…

A: Over-applied Overhead: A corporation is said to have over-applied overhead when the actual…

Q: What is the definition of cost?

A: In the business, costs are the important measures to determine the value of elements being purchased…

Q: Please explain step by step how to solve the question for cost allocation by using the double…

A: Cost allocation is the as the name suggests the allocation or in other words, the distribution of…

Q: 18. Which of the following cost allocation methods does not take into consideration that service…

A: The direct method is the simplest of the four. The direct method allocates the costs of each of the…

Q: Which does not belong to a category? * a. Labor b. Materials c. Overhead d. Purchases

A: Answer: Purchase

Q: What is meant by underapplied overhead? By overappliedoverhead?

A: Actual overhead cost: These are the indirect manufacturing costs that are actually incurred while…

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: Activity drivers can be classified as either or_. - Select one: O a. good; bad O b. right; wrong O…

A: An activity driver refers to the factor that influences the cost of an operation. Activity drivers…

Q: avoidable and unavoidable cost?

A: Costs are the amount incurred for the different purposes of the business. It is defined in monetary…

Q: Cost Accounting don’t disclosure the information? True Flase

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: in management accounting strandard cost ： definition . types of strands and cost . benefit .…

A: Management Accounting: In Management  account or managerial account, directors use information in…

Q: (True or False) Order is not important in the step-down method because costs can be allocated in…

A: Overhead allocation is the technique of allocating the common costs to different departments. It can…

Q: Direct costs are classified by controllability.    True False Can be true, can be false

A: Direct costs are those costs which are directly incurred for purchase or production of goods in the…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.