conclusion of environmental cost and benefit

Q: Identify the costs associated with the initial valuation of a developed natural resource.

A: Natural resources: Natural resources are known as wasting assets. It consists of standing timber and…

Q: Define Prior service cost.

A:

Q: Explain how the activity resource usage model is used in assessing relevancy.

A: Decision making is an important component of every single business. The end results of the…

Q: Distinguish between program service expenses and supporting service expenses.

A: A nonprofit organization’s expenses can be classified into two types, they are expenses for program…

Q: How can the activity rates (i.e., cost per activity) for the various activities be used to target…

A: ABC is a costing technique under which the cost of a product is calculated according to the number…

Q: Define Restoration costs.

A: Restoration means the act of renewing or repairing something.

Q: Explain the meaning of the cost of quality and the classification of the cost of quality

A: Cost accounting system is a framework that guides the firm to calculate their cost and helps in…

Q: the amount of relevant costs that would be saved

A: Relevant costs mean the variable costs that affect the decision making.

Q: Explain the term byproduct.

A: A byproduct is a product that is also termed as the incidental product is generated during the…

Q: Define Cost effectiveness.

A: Cost effectiveness refers to the examination of both cost and health outcomes of different course of…

Q: Define the term contribution margin.

A: Contribution margin is defined as the term which determines the profitability of the individual…

Q: Define Development costs.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: What is a prior service cost?

A: Prior service cost is one of the component of pension expense. It means present value of benefits or…

Q: Distinguish between tangible and intangible benefits.

A:

Q: Explain what a sunk cost is, what an opportunity cost is, and how each cost should be handled when…

A: The question is based on the concept of cost analysis.

Q: Which factors contribute to the social and environmental performance ofbuildings?

A: Answer: Social factors contributing performance of buildings: Psychological and physical comfort,…

Q: Define the term avoidable cost.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Explain service method of allocating prior service cost.

A: Service cost refers to the part of pension expenses deducted every year. Service cost is amortized…

Q: how to do a cost of prodution report

A: The cost of production report is prepared by the following four steps

Q: Explain in detail and give example Historical Cost Principle

A: The historical cost theorem (as well called the expense theory of accounting) notes that a company's…

Q: Which type of cost center has a planning focus, and which type has an evaluation focus?

A: Cost Center: It is a department within an organization to which costs can be assigned.

Q: Characterize the relative difficulty in valuing a real benefit of a natural resource.

A: Definition : In simple words, Natural resources can be understood as the properties that occur…

Q: purposes of environmental cost

A: Answer: Environmental cost is the costing system which controls the cost which is related to…

Q: difference between expected results and actual experience results to a remeasurement of the net…

A: The answer is stated below:

Q: Differentiate between Appraised value and Assessed value?

A: Difference between appraised value and Assessed value:Appraisal value refers to that on a specific…

Q: Define the term Sponsor's Costs?

A: Sponsorship cost refers to the cost of supporting an event or economic activity for an agent in…

Q: Discuss the benefit of identifying avoidable and unavoidable cost in decision making process.

A: Benefit of Avoidable Cost   1. Avoidable cost Avoidable cost helps management in decision making…

Q: How do strategic factors affect the proper use of relevant cost analysis?

A: Relevant cost analysis is the process of identifying the incremental cost and benefits of deciding…

Q: Costs that are directly associated with the earning of revenue are recognized as expense in the same…

A: The accounting is based on various principles and regulations.

Q: Describe the earned value management terms.

A: Introduction: The concept of earned value management  is an important tool both for the manager…

Q: Discuss the role of Flow Cost Accounting in Environmental Cost Management. Cite examples if…

A: Flow cost accounting: Flow cost accounting is one of the environmental cost management tools that…

Q: Define Historical cost principle.

A:

Q: Explain the difference between resource spending and resource usage.

A: Resources: Resources are the economic elements that enable people to carry out activities. A…

Q: Understand property, plant, and equipment and its related costs.

A: Business have several assets such as cash, inventories, accounts receivables, investments, PPEs…

Q: Define defined contribution plan

A: A defined-contribution (DC) plan is a retirement plan that lets an employee to contribute a fixed…

Q: Discuss the role of Flow Cost Accounting in Environmental Cost Management. Cite examples if…

A: Material flow cost accounting is a standardized technique used by organizations to boost their…

Q: Define research and development and what are its representative cost driver?

A: Cost drivers: It refers to the object or things which affect the costs of a business. For example,…

Q: Define cost of natural resources.

A: Timber, Mineral deposits, oil reserves, and other various natural resources are considered assets…

Q: Which categories are non value added activities?

A: Non value added activities are those activities that does not actually add value to the product or…

Q: A determination of cost savings is most likely to be an objective of a

A: The answer is as fallows

Q: What is a sunk cost, and if included in a project how should they be treated?

A: Sunk cost is the cost which is already incurred and it is not relevant for decision making. Examples…

Q: Explain how environmental costs can be measured and reduced.

A: How to reduce the environmental costs:-  1) Adopt a sustainable business strategy :- Business…