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Business Accounting Connect 1-Semester Access Card for Managerial Accounting

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.

Connect 1-Semester Access Card for Managerial Accounting

Connect 1-Semester Access Card for Managerial Accounting

15th Edition

ISBN: 9780077522858

Author: Ray H Garrison, Eric Noreen, Peter C. Brewer Professor

Publisher: McGraw-Hill Education

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Chapter 2, Problem 15Q

Chapter 2, Problem 17Q

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Chapter 2 Solutions

Connect 1-Semester Access Card for Managerial Accounting

Ch. 2.A - Prob. 1E Ch. 2.A - Prob. 2E Ch. 2.A - Prob. 3P Ch. 2.A - Prob. 4P Ch. 2.A - Prob. 5C Ch. 2.B - Prob. 1E Ch. 2.B - Prob. 2E Ch. 2.B - Prob. 3P Ch. 2.B - Prob. 4P Ch. 2 - Prob. 1Q

Ch. 2 - Define the following: (a) direct materials, (b)...Ch. 2 - Explain the difference between a product cost and...Ch. 2 - Distinguish between (a) a variable cost, (b) a...Ch. 2 - Prob. 5Q Ch. 2 - Define the following terms: (a) cost behavior and...Ch. 2 - What is meant by an activity base when dealing...Ch. 2 - Managers often assume a strictly linear...Ch. 2 - Distinguish between discretionary fixed costs and...Ch. 2 - Does the concept of the relevant range apply to...Ch. 2 - What is the major disadvantage of the high-low...Ch. 2 - Prob. 12Q Ch. 2 - Prob. 13Q Ch. 2 - What is the difference between a traditional...Ch. 2 - Prob. 15Q Ch. 2 - Prob. 16Q Ch. 2 - Prob. 17Q Ch. 2 - Prob. 1AE Ch. 2 - Prob. 2AE Ch. 2 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - Prob. 1F15 Ch. 2 - L012, L013, L014, L015, L016 Martinez Company’s...Ch. 2 - L01–1, L01–2, L01–3, L01–4, L01–5, L01–6 Martinez...Ch. 2 - L01–1, L01–2, L01–3, L01–4, L01–5, L01–6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-1, L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - L01-2, L01-3, L01-4, L01-5, L01-6 Martinez...Ch. 2 - EXERCISE 1—1 Identifying Direct and Indirect Costs...Ch. 2 - EXERCISE 1-2 Classifying Manufacturing Costs LO1-2...Ch. 2 - EXERCISE 1-3 Classifying Costs as Product or...Ch. 2 - EXERCISE 14 Fixed and Variable Cost Behavior LO14...Ch. 2 - Prob. 5E Ch. 2 - EXERCISE 1—6 Traditional and Contribution Format...Ch. 2 - Prob. 7E Ch. 2 - Prob. 8E Ch. 2 - Prob. 9E Ch. 2 - Prob. 10E Ch. 2 - Prob. 11E Ch. 2 - EXERCISE 1-12 Product and Period Cost Flows LO1–3...Ch. 2 - Prob. 13E Ch. 2 - EXERCISE 2-14 High-Low Method: Predicting Cost...Ch. 2 - Prob. 15E Ch. 2 - Prob. 16P Ch. 2 - Prob. 17P Ch. 2 - PROBLEM 1-18 Direct and Indirect Costs; variable...Ch. 2 - Prob. 19P Ch. 2 - PROBLEM 2-20 High-Low Method; Predicting Cost...Ch. 2 - PROBLEM 2-21 Cost Classification [L02-1, L02-3,...Ch. 2 - Prob. 22P Ch. 2 - Prob. 23P Ch. 2 - Prob. 24P Ch. 2 - Prob. 25P Ch. 2 - Prob. 26C Ch. 2 - Prob. 27C

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