Identify two cost objects and three activities for JP Morgan Chase.

Q: 1. (a) What is the incremental analysis approach and what are its scopes in the management…

A:

Q: The Cadillac division of General Motors is considered: a) a cost center b) a profit center c) an…

A: Investment center is the unit of business in the firm, which could utilize the capital in order to…

Q: Pick any large company and explain three ways that, it could segment its company wide performance.

A: A segment is a part of the organization. A segment is a part which has full responsibilities of its…

Q: Below are four levels of ERP value realization:

A:

Q: Define direct costs and indirect costs and prepare a list of three direct and three indirect costs…

A: Direct costs are the expenses which connect to cost object. These costs include raw materials, labor…

Q: Which of the following accounting will help managers to ensure cost efficiency for the company? a.…

A: Solution: "Management Accounting" will help managers to ensure cost efficiency for the company.…

Q: XYZ Inc. is a BPO company that caters to different services; call center, finance and information…

A: Costs that aren’t directly connected to the product or service are referred to as indirect costs. It…

Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…

A: Period costs: Period costs are the costs other than the product costs. These costs are not incurred…

Q: In each blank next to the following terms, place the identifying letter of its best description. 1.…

A: 1. Cost center--A. Incurs costs without directly yielding revenues.2. Profit center-- F.Incurs costs…

Q: Explain the concept of customer profitability analysis. Give examples of cost drivers used in this…

A: Customer Profitability Analysis is a technique of noting down and analysing various costs and…

Q: Briefly explain the ten cost drivers in a company.

A: The question is related to the Activity Based Costing. The Cost driver is a facor that causes a…

Q: Synthesized data to explain the concept of ROI, how the use of an activity-based costing system can…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

Q: 1.The following are various activities for a business school Required Suggest a feasible cost…

A: 1. Following are the various activities of business school  Feasible cost driver for each of the…

Q: For the following activitie, explain which of the objectives of managerial accounting activity is…

A: Objectives of managerial accounting activity: Managerial accounting activity includes set of tools,…

Q: Using ABC, compute the cost of each unit of Product A? The following data are available for X Corp:

A: Unit Cost=Total CostUnits Completed

Q: tandard cost systems provide companies with a number of advantages, argue the statement.

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Q: Assume you have just been hired as the management accountant in charge of providing your firm’s…

A: Value chain is the model of business, which states the activities full range required to create the…

Q: 3. Determining the unit cost of manufacturing a product is an output of financial accounting.

A: Financial management consists of directing ,planning, organizing and controlling of financial…

Q: With one example each, state and explain five outputs derived from a business policy

A: Business policy refers to rules or codes of conduct that are adopted by an organization for…

Q: Discuss three assumptions of cost-volume-profit analysis.

A: As per our company guidelines we are allowed to do first question. Kindly post second question…

Q: Identify two cost objects and three activities for Apple inc.

A: Apple is one of the manufacturers of gadgets with its headquarters in the USA. They design the…

Q: Explain four types of standard in Performance Management Accounting.

A: performance management standard or those standard that has been set up by the regulating body to…

Q: 1- What potential problems should be avoided in relevant-cost analysis?

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

Q: Prime cost for the business is calculated as

A:

Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…

A: Definition: Period Cost: These are the costs other than the product costs. These costs are not…

Q: Is Historical Cost measurement concept is still relevant to account for majority of the company…

A: Historical Cost Measurement Concept  In this concept valuation of the cost of an assets which are…

Q: b.Cost control and reduction

A: Answer 20 Select which of the following requires a separate measurement of cost. D:- Volume   Answer…

Q: Pick any large company and describe its strategy using one of the three customer valuepropositions…

A: A value proposition is a promise of value to be delivered and a belief from the customer of value…

Q: Give four examples of firms you think would be significant users of cost management information

A: Cost management is a process of planning budgets, setting standards and reducing costs. Cost…

Q: How many cost pools should a company use when allocating costs to divisions, channels, and…

A: Cost Pool: The cost accountant makes individual group of all the indirect cost used in an item. The…

Q: Write down pay objective of two companies?

A: Wage and pay administration's major goal is to create and maintain an equal wage and compensation…

Q: Based on the data below calculate the company's combined cost?

A: As per our protocol and guidelines we provide solution to the one question only in case there are…

Q: There are three types of organizations namely manufacturing, services and trading sectors, choose…

A: Manufacturing organization: Manufacturing organization refers to that organization that is engaged…

Q: Management uses Cost Volume Profit (CPV) analysis as a planning process to predict the future volume…

A: The use of CVP analysis is severely constrained by a number of underlying assumptions. Anyone…

Q: What are the three major elements of product costs in a manufacturing company?

A: For a manufacturing company, three major elements of a product costs are: Direct material cost…

Q: The accounting department of a manufacturing company is a(n)     investment center.     cost…

A: Investment center is a department or part of the organisation which is measured and evaluated by the…

Q: The branch of accounting that deals in particular with the different cost concepts in order to…

A: Accounting is a process of identifying, recording, classifying, summarising and analysing business…

Q: 1-Describe life-cycle budgeting and life-cycle costing and when companies should use these…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: As a Chief financial officer (CFO) recommend three actions you could take regarding the company's…

A: Ways to reduce manufacturing costs: Use the materials that are low in cost and are a good…

Q: Give examples of three different levels of costs in a customer-cost hierarchy.

A: Customer Cost Hierarchy: Customer cost hierarchy is a method that helps in the categorization of…

Q: Select the best answer from the five listed below to fill in the blank. The best transfer price for…

A: transfer price are also known as the transfer cost which tells the amount that is set for the…

Q: Which of the following gives the basic factors of business operations of which their…

A: Cost volume profit relationship in the business says that there is a relationship exists between…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.