Cost Accounting, Student Value Edition (15th Edition)
15th Edition
ISBN: 9780133428858
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 2.4Q
Name three factors that will affect the classification of a cost as direct or indirect.
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Chapter 2 Solutions
Cost Accounting, Student Value Edition (15th Edition)
Ch. 2 - Define cost object and give three examples.Ch. 2 - Define direct costs and indirect costs.Ch. 2 - Prob. 2.3QCh. 2 - Name three factors that will affect the...Ch. 2 - Define variable cost and fixed cost. Give an...Ch. 2 - What is a cost driver? Give one example.Ch. 2 - What is the relevant range? What role does the...Ch. 2 - Explain why unit costs must often be interpreted...Ch. 2 - Prob. 2.9QCh. 2 - What are three different types of inventory that...
Ch. 2 - Distinguish between inventoriable costs and period...Ch. 2 - Define the following: direct material costs,...Ch. 2 - Describe the overtime-premium and idle-time...Ch. 2 - Define product cost. Describe three different...Ch. 2 - What are three common features of cost accounting...Ch. 2 - Prob. 2.16ECh. 2 - Prob. 2.17ECh. 2 - Classification of costs, service sector. Market...Ch. 2 - Classification of costs, merchandising sector....Ch. 2 - Prob. 2.20ECh. 2 - Variable costs, fixed costs, total costs. Bridget...Ch. 2 - Prob. 2.22ECh. 2 - Prob. 2.23ECh. 2 - Prob. 2.24ECh. 2 - Cost drivers and functions. The representative...Ch. 2 - Prob. 2.26ECh. 2 - Total and unit cost, decision making. Gayles...Ch. 2 - Prob. 2.28ECh. 2 - Prob. 2.29PCh. 2 - Prob. 2.30PCh. 2 - Prob. 2.31PCh. 2 - Prob. 2.32PCh. 2 - Prob. 2.33PCh. 2 - Prob. 2.34PCh. 2 - Prob. 2.35PCh. 2 - Prob. 2.36PCh. 2 - Prob. 2.37PCh. 2 - Prob. 2.38PCh. 2 - Prob. 2.39PCh. 2 - Prob. 2.40PCh. 2 - Prob. 2.41PCh. 2 - Prob. 2.42P
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- What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.arrow_forwardDefine and discuss the difference between indirect and direct cost. Provide an example of each.arrow_forwardWhat are the three primary cost flow assumptions? How does the specific identification method differ from these three primary cost flow assumptions?arrow_forward
- Define and give examples of the following terms: cost pool, cost object, and cost allocation (or distribution).arrow_forwardExplain the difference between a direct cost and an indirect cost.arrow_forwardCost is being classified in a varity of ways, what benefits can be acquired out of this classification? Please discuss the statement by giving examples from three different industriesarrow_forward
- Which of the following costs is relevant for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical costarrow_forwardThe distinction between indirect and direct costs depends on: Select one: a. whether a cost differs between alternatives. b. whether a cost is variable or fixed. c. whether a cost is a product or a period cost. d. whether a cost can be easily traced to the cost object under consideration. e. all of the above statements are correct.arrow_forwardWhich of the following costs is relevant in decisionmaking? committed costsaccounting costscash costshistorical costsarrow_forward
- Describe factors for measuring cost allocation.arrow_forwardDefine the following terms: differential cost, Q- 8: opportunity cost, and sunk cost.arrow_forwardDefine the following terms, and explain the relationship between them: (a) cost estimation, (b) cost behavior, and (c) cost prediction.arrow_forward
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