Direct Materials are not easily traced to a product. True False

Q: Why is it important to consider the relationships amongcost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: Why are support department costs difficult to apply to products?

A: Given: The difficulty in applying the support department costs on products.

Q: Why is appropriate citation important? What are the consequences of not giving credit to the source…

A: Citation can be defined as the reference that is provided by the researcher to the author whose…

Q: aw materlais be conv Anua niently and directly traced to the finished product are classified as…

A: Raw materials that can be conveniently and directly associated with a finished product are called…

Q: indirect materials are not easily traced to the product true false

A: The costs incurred on production can be Direct or indirect.

Q: Why is it important to consider the relationship among cost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: Why costing procedure is different for spoiled or defective material?

A: Spoilage means loss occurred during the production. It occurs due to sub-standard material,…

Q: Explain the Over head cost control  benefits and drawbacks in manufacturing unit.

A: Cost accounting: A branch of accounting that deals with the calculation of the total cost incurred…

Q: Which of the following is not a feature of a process production system?  Repetitive production…

A: Production process system is that which is used for a large level of production and where continuous…

Q: Manufacturing costs that cannot be traced to the finished product are known as: *

A: Overhead means the cost incurred indirectly in production of goods . For examples , supervisor…

Q: Both direct materials and Indirect materials are ordinarily easily traced to the product. TRUE FALSE

A: Direct material are those material that can be traced or allocated to any specific product. For…

Q: 1. Differentiate between spoiled and defective material, why costing procedure is different for…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Explain why a costing system that uses a volume-based rate is likely to produce distorted…

A: A traditional volume-based cost allocation systems that use only drivers tend to vary directly with…

Q: b) Cost Evaluations Cost of Handles Transferred to Packaging Cost of Unexpected Losses Cost of…

A: Work in Progress – Work in progress in cost accounting implies the value of goods whose production…

Q: Indirect material cost is that which cannot be conveniently identified with and allocated to cost…

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.

Q: A good structure diagram should be loosely coupled yet strongly cohesive. How can you achieve both…

A: Entity-Relationship Diagram: A diagram which represents the entity relationship available in the…

Q: Identify  the compliance and/or regulatory issues influencing the  the cost of the products made.…

A: Government and regulatory issues can have a variety of effects on the cost of numerous goods and…

Q: The measure of how well a product meets its requirements or specifications is called: * O Quality of…

A: While providing goods and services to customers, every seller wants that the quality of the products…

Q: Is it possible to control financial totals without physicalcontrol of materials in manufacturing?

A: Manufacturing is the process of large scale production of materials that is generally done through…

Q: Uncontrollable costs are the costs which be influenced by the action of a specified member of an…

A: In the process of manufacturing goods certain costs are incurred. The type of costs involved in the…

Q: Which one of the following are NOT period costs? a)  Advertising costs. b)  Indirect materials.…

A: Product cost are the costs that are directly or indirectly related to production. Direct Costs…

Q: Both direct materials and indirect materials are ordinarily easily traced to the product true false

A: Direct material is reflected in the finished goods hence it is easily identified by the finished…

Q: Discuss the fundamental risk and control issues associated with fixed assets that are different from…

A: Fixed Asset: The asset used by company for more than one year is known as fixed asset. Fixed asset…

Q: Which of the following statements about manufacturing cost flows is false? a. Direct materials,…

A: As per our protocol we provide solution to the one question only but you have asked two multiple…

Q: Standard costs are preset costs for delivering a product or service under normal conditlons. True or…

A: Lets understand the basics. Management prepares the standard cost sheet which contain details about…

Q: not easily traceable and are allocated to a cost object u not abbreviate or add any extra spacing in…

A: Direct costs refer to those expenses which can be directly related to a product or a service.

Q: Which of the following is not included in the procedures of applying the Theory of Constraints for…

A: Theory of Constraints says that in order to maximize efficiency, the production should be limited to…

Q: What kinds of challenges occurs in the Cost Control and Cost Reduction in the Manufacturing…

A: Cost Control is different from cost reduction Cost Control focuses/emphasises on decreasing the…

Q: Which of these is a Material control technique: a. Control over slow moving and non moving items…

A: Material control aims at dispensing with and limiting all sorts of wastes and losses whereas the…

Q: Differentiate between spoiled and defective material, why costing procedure is different for both?

A: A defective good is a good in which there is a manufacturing fault or defect, but this fault can be…

Q: Discuss how traditional methods of allocating overhead to products may not provide a good measure of…

A: The overhead costs are allocated to production using various methods as traditional costing and…

Q: Help question 14

A: There is a quality check for products before shipping to customers to ensure that their products…

Q: How are cost structures fundamentally different between the traditional and computer-integrated…

A: Sales order starts the manufacturing process under a traditional manufacturing environment. The…

Q: In activity-based costing, some manufacturing costs may be excluded from product costs TRUE FALSE

A: Lets understand the basics. Activity based costing is as the name suggest allocate cost based on the…

Q: Which of the following is NOT a reason for companies to assign costs to products or services? O to…

A: Generally companies will asign costs to products and services for decision making purpose

Q: characteristic of a lean production layout?

A:

Q: What features of the cost accounting system would be expected to prevent the omission ofrecording…

A: Cost accounting is the branch of Accountancy associated with the cost of materials used in the…

Q: ?Which of the following costs is not related to a batch-related activity .Compliance costs .a…

A: A batch-related activity refers to the activity that is carried out in batches of units. There are a…

Q: true (T) or false (F) Service companies are not able to use process costing.

A:

Q: Identify the control document for materials flow when a materials requisition slip is not used.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: ABC generally causes the least amount of cost distortion among products because indirect costs are…

A: Activity-based costing (ABC): Activity-based costing refers to the method of costing where the…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.