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Business Accounting GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD

Differential cost, sunk cost, opportunity cost: Differential cost, sunk cost, opportunity cost are the costs part of the managerial accounting . These costs are given more importance by the management to its internal evaluation of the product or products out come to seek remedy for critical business situation. To Explain: The differential, sunk, opportunity costs significance Solution: Differential, sunk, opportunity costs are the costs spent by the organization to increase its profit. Explanations: Differential cost is also known as Incremental cost, it can defined as . differential cost is used for modify the organization revenue activity by adding new machine or introducing new product line, this cost only suitable for existing organization. .Sunk cost is the cost previously incurred by the organization, can’t change or recovered through current decision making process but it can use as a reference to avoid the sunk cost in future.. .An Opportunity cost is the cost used by the organization to replace the present benefit for the best future benefit through proper decisions making.. Conclusion: Differential, sunk, opportunity costs comes under cost concepts, management could use these cost concepts in decision making for business success.

Differential cost, sunk cost, opportunity cost: Differential cost, sunk cost, opportunity cost are the costs part of the managerial accounting . These costs are given more importance by the management to its internal evaluation of the product or products out come to seek remedy for critical business situation. To Explain: The differential, sunk, opportunity costs significance Solution: Differential, sunk, opportunity costs are the costs spent by the organization to increase its profit. Explanations: Differential cost is also known as Incremental cost, it can defined as . differential cost is used for modify the organization revenue activity by adding new machine or introducing new product line, this cost only suitable for existing organization. .Sunk cost is the cost previously incurred by the organization, can’t change or recovered through current decision making process but it can use as a reference to avoid the sunk cost in future.. .An Opportunity cost is the cost used by the organization to replace the present benefit for the best future benefit through proper decisions making.. Conclusion: Differential, sunk, opportunity costs comes under cost concepts, management could use these cost concepts in decision making for business success.

GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD

GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD

16th Edition

ISBN: 9781260088458

Author: Ray H Garrison

Publisher: McGraw-Hill Education

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Chapter 1, Problem 12Q

Chapter 1, Problem 14Q

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Calm Ltd has the following data relating tò two investment projects, only one of which mayb e s e l e c t e d :The cost of capital is 10 per cent, and depreciation is calculated using straight line method.a . Calculate for each of the project:i. Average annual accounting rate of return on average capital investedi i . Net Present Valuei l l . I n t e r n a l R a t e o f Returnb. Discuss the relative merits of the methods of evaluation mentioned above in (a).Q.4a . In the context of process costing, discuss the following concepts briefly, i . Equivalent unitsNormal lossill. Abnormal lossi v. Joint productsV . By productsb . Discuss the different types of standard costing and objectives of standard costing.

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Chapter 1 Solutions

GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD

Ch. 1.A - EXERCISE 1A1 Cost of Quality Terms LO17, LO18 A...Ch. 1.A - EXERCISE 1A2 Classification of Quality Costs LO17...Ch. 1.A - Prob. 3P Ch. 1.A - PROBLEM 1A4 Quality Cost Report LO17, LO18 page 66...Ch. 1 - Prob. 1Q Ch. 1 - Define the following: (a) direct materials, (b)...Ch. 1 - Explain the difference between a product cost and...Ch. 1 - Distinguish between (a) a variable cost, (b) a...Ch. 1 - Prob. 5Q Ch. 1 - Define the following terms: (a) cost behavior and...

Ch. 1 - What is meant by an activity base when dealing...Ch. 1 - Managers often assume a strictly linear...Ch. 1 - Distinguish between discretionary fixed costs and...Ch. 1 - Does the concept of the relevant range apply to...Ch. 1 - What is the difference between a traditional...Ch. 1 - Prob. 12Q Ch. 1 - Prob. 13Q Ch. 1 - Prob. 14Q Ch. 1 - Prob. 1AE Ch. 1 - Prob. 2AE Ch. 1 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L012, L013, L014, L015, L016 Martinez Company’s...Ch. 1 - L01–1, L01–2, L01–3, L01–4, L01–5, L01–6 Martinez...Ch. 1 - L01–1, L01–2, L01–3, L01–4, L01–5, L01–6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 1 - EXERCISE 1—1 Identifying Direct and Indirect Costs...Ch. 1 - EXERCISE 1-2 Classifying Manufacturing Costs LO1-2...Ch. 1 - EXERCISE 1-3 Classifying Costs as Product or...Ch. 1 - EXERCISE 14 Fixed and Variable Cost Behavior LO14...Ch. 1 - Prob. 5E Ch. 1 - EXERCISE 1—6 Traditional and Contribution Format...Ch. 1 - Prob. 7E Ch. 1 - EXERCISE 18 Product Costs and Period Costs;...Ch. 1 - Prob. 9E Ch. 1 - Prob. 10E Ch. 1 - EXERCISE 1—11 Cost Behavior; Contribution Format...Ch. 1 - EXERCISE 1-12 Product and Period Cost Flows LO1–3...Ch. 1 - Prob. 13E Ch. 1 - EXERCISE 1-14 Cost Classification 1O1–2, LO1–3,...Ch. 1 - Prob. 15E Ch. 1 - EXERCISE 1–16 Cost Classifications for Decision...Ch. 1 - EXERCISE 1-17 Classifying Variable and Fixed Costs...Ch. 1 - PROBLEM 1-18 Direct and Indirect Costs; variable...Ch. 1 - PROBLEM 1-19 Traditional and Contribution Format...Ch. 1 - PROBLEM 120 Variable and Fixed Costs; Subtleties...Ch. 1 - Prob. 21P Ch. 1 - Prob. 22P Ch. 1 - PROBLEM 123 Cost Classification LO11, LO13, LO14...Ch. 1 - PROBLEM 1-24 Different Cost Classifications for...Ch. 1 - Prob. 25P Ch. 1 - CASE 1-26 Cost Classification and Cost Behavior...Ch. 1 - Prob. 27C

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