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Business Accounting 17E MANAGERIAL ACCOUNTING CUSTOM

Differential costs and variable costs: Cost is an expense for the business, so the organization would plan to reduce it to increase profit, but differential costs are spent to get additional income by increase additional activity in the business. To determine: If only the variable cost considered as differential costs. Solution: No, Differential costs consist of both fixed cost and variable cost. Explanations: No, not agree, because the supplementary business activity is to generate revenue for the company so it includes variable and fixed costs, differential costs have both costs. Example XYZ company install additional new machine it would increase revenue for the company, the machine can produce a variable number of units so raw materials, wages paid comes under variable costs and depreciation , repairs and maintenance come under fixed costs. Conclusion: Most of the organization assessing the product performance by using differential cost concept, because it is increasingly a part of the revenue, so revenue generated process certainly incurs fixed costs and variable costs.

Differential costs and variable costs: Cost is an expense for the business, so the organization would plan to reduce it to increase profit, but differential costs are spent to get additional income by increase additional activity in the business. To determine: If only the variable cost considered as differential costs. Solution: No, Differential costs consist of both fixed cost and variable cost. Explanations: No, not agree, because the supplementary business activity is to generate revenue for the company so it includes variable and fixed costs, differential costs have both costs. Example XYZ company install additional new machine it would increase revenue for the company, the machine can produce a variable number of units so raw materials, wages paid comes under variable costs and depreciation , repairs and maintenance come under fixed costs. Conclusion: Most of the organization assessing the product performance by using differential cost concept, because it is increasingly a part of the revenue, so revenue generated process certainly incurs fixed costs and variable costs.

17E MANAGERIAL ACCOUNTING CUSTOM

17E MANAGERIAL ACCOUNTING CUSTOM

17th Edition

ISBN: 9781266776328

Author: Garrison

Publisher: MCG

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17E MANAGERIAL ACCOUNTING CUSTOM

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 - Prob. 8Q 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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