importance for a company whose products can be processed further

Q: Please describe a cost center, profit center, and investment center that the manufacturing company…

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Q: how an enterprise system can assist an organization in optimizing its value system.

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Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: What is the inventoriable product costs Select one: O a. Are the direct and indirect costs of…

A: inventoriable product costs consists of costs incurred in producing the goods. all the direct and…

Q: Why there is an unmistakable trend in manufacturing to improve quality?

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Q: activities performed by another firm or individual

A: Option "b" is wrong because responsibility centers are units within the firm, not another firm or…

Q: Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs…

A: Introduction: Costs of product: Amount spent for making the product in to a finished goods from raw…

Q: How can activity-based costing be used to switch the management of business activities from a…

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Q: Describe a cost center, profit center, and investment center that one manufacturing company might…

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

Q: Which of the following is the best example of a product-level activity? Select one: O a. Painting a…

A: Product-level-activity: These activities are done related to specific products irrespective of how…

Q: The area of management concerned with designing and overseeing the process of production is which of…

A: Operations management is the management of operational processes inside a company to make the…

Q: Choose a company that creates a product or offers a service that you are familiar. Using the company…

A: Answer with explanation are s follows.

Q: Comprehend and Apply the elements of costing to the process environment.

A: Process Costing is used for industries involving continuous production of goods having same…

Q: How can accounting con

A: these three steps can increase the capacity of of an accounting firm. Adopt a cloud-based platform…

Q: Which element of the value chain would depreciation on a factory be classified as? Design…

A: Depreciation on factory would be classified as production

Q: Define constraint resources within a manufacturing company ?

A: Constraint Resources In a simple term constraint resources is defined as it is a shorter span of…

Q: Companies such as Apple commonly prepare a process cost summary. What purposes does a process cost…

A: Process cost summary: A process cost summarizes the cost and expense concerned with each process of…

Q: In performing CVP analysis for a manufacturing company, what simplifying assumption is usually made…

A: Definition:  Cost-volume profit analysis: CVP analysis is a tool of cost accounting that measures…

Q: Title: How Activity Based Costing system helps the industry to improve performance Note:

A: A costing approach known as activity-based costing (ABC) assigns overhead and indirect costs to…

Q: 1. Why do entrepreneurs need to consider the credibility of suppliers in choosing suppliers of raw…

A: Credibility of Suppliers is one of the key considerations for choosing suppliers.  Credible…

Q: What are the uses for activity-based cost information in service industries?

A: Costing method is a method in which the total cost of the product is calculated.

Q: Using a CPA firm to represent the service industry, discuss how activity-based costing could be used…

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Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Production department is key area of any company so what Goals a company should adapt for Ethical…

A: Corporate social responsibility is a concept in which an organization considers various social,…

Q: In the value chain, primary activities are: a. Directly involved in the production, marketing and…

A: Answer: The correct option is Option (a).

Q: What is the chief difference between manufacturing and service industry firms?

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Q: Question 2: Discuss what may be the issues in using process costing to estimate the cost of the…

A: Process costing is a significantly costing system to measure, monitor and control under different…

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: How are passion, consciousness, and product quality part of the product management process at…

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Q: What is the distinction between merchandising and manufacturing companies?

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Q: 1. What are the three primary reasons of using a standard cost system? In a business that routinely…

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

Q: What is a reasonably foreseeable use of a productand why is it important to companies?

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Q: Give one importance of the following in strategic cost management: (i) Business environment, (ii)…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: What denominator-level capacity concepts emphasize the output a plant can supply? What…

A: Denominator-level Capacity Concepts:Denominator-level capacity concept is a term used to depict the…

Q: Which is the reason a company would implement activity based costing

A: Activity based costing is the modern technique of allocation of overheads. In this, overheads are…

Q: What are conversion costs? Why do some companies using process costing systems use conversion costs?

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Q: 1. What do you mean by process costing? Who uses process costing give the example of company with…

A: Process costing is a method of costing which is mostly used by the companies which are engaged in…

Q: How does automation help achieve manufacturing flexibility?

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Q: What is the tools TQM for Mercedes company subject  technology management

A: TQM (Total Quality Management) is a management philosophy that involves all quality aspects that are…

Q: 1. What are the concepts underlying a process costing system? How might a company identify and group…

A: *As you have posted more than one question,I was answering the first question only as per our…

Q: The term Supply Chain Management refers to: Designing a product Designing, producing and delivering…

A: Supply chain management refers to the flow of goods right from procuring the raw materials to…

Q: How is the concept of product costing applied in service industry firms?

A: product costing: It is the method of allocating direct and indirect costs to units of products…

Q: Recommend actions for a manufacturing company on how to maintain or perhaps improve more their…

A: Answer: Manufacturing company are those company which are involved in extensive operations on day to…