Concept explainers
Concept introduction:
Cost control is the process of classifying expenses to increase the profit of the business. Manager compares expected overhead and actual overhead. Based on the result, the manager takes the controlling actions to control the cost.
Requirement 1:
Cost control activities by Apple and Google.
Concept introduction:
Manufacturing companies are those who produce products and services.
Services companies are those who deliver the services.
Merchandising companies are those who are involved in various trading and commerce activities.
Requirement 2:
To explain:
Whether G and A are inclusive service, merchandising or manufacturing activities.
Concept introduction:
Activity-based costing is the method of accounting which identifies and assigns costs based on overhead activities later it will assign those costs to the products.
Requirement 3:
To explain:
Activity-based costing is useful for Apple and Google.
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MANAGERIAL ACCOUNTING FUND. W/CONNECT
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