need help with these 2 cost accounting questions
Q: Please explain with examples briefly benefits of accounting system for manual cost accounting?
A: Cost accounting: It is a branch of managerial accounting that focuses on calculation of total cost…
Q: Q1 discuss in detail Cost Accounting, Objectives of Cost Accounting, Essentials of a good…
A: Cost accounting is branch of management accounting in which all costs related with the products like…
Q: Cost assignment and cost accumulation are the two cost accounting system processes that helps…
A: Costing is the method of recording, all cost incurred in process of completing product project and…
Q: 1. With relevant examples, explain the following; i. Primary appointment and secondary apportionment…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: If a system of equations contains a cost equation, and a revenue equation, the solution for the…
A: System of equation is a set of equation which helps in solving the variable in the equation. If…
Q: I need support with the statement of cost of goods manufactured and he income statement. Please…
A: Raw materials: It is the basic input required to manufacture the finished products. The raw…
Q: 3) As you know in the short term decision making the management will consider the relevant cost of…
A: In the short term decision making the management will consider the relevant cost of the cost element…
Q: Product Cost from Period Cost. Please help me I really need the answer, clear explanation please,…
A: The cost function is a function that is used to show how production expense will change at different…
Q: How does computerised accounting system could help to improvise better reporting sytem in…
A: An accounting system in which the events and the process of final transactions are in accordance to…
Q: What are the different type of costs? Describe each.
A: In cost accounting, The accounting process deals with the total costs incurred in the production…
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: I'm having trouble determining the profitability of the firm's information systems services and…
A: Activity based costing is a method and type of costing, in which all indirect costs and indirect…
Q: Suppose that your accounting textbook is the cost object of concern. The paper used to print the…
A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.
Q: You have been recruited by Education-For-ALL (EFA), an NGO providing teaching and learning support…
A: Accounting refers to the process of recording financial transactions of a company in its financial…
Q: Q1 What process is used to assign costs in an ABC system? Provide numerical example. Q2 How is…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Cost and management accounting OA. require and entirely separate group of accounts than financial…
A: Cost and management accounting aids companies in determining the costs of materials, projects, and…
Q: What are support departments, and why are their costs allocated to other departments? What process…
A: Support departments are those departments which helps or provides support to other operation…
Q: Under which of the following ___________ field, one of the important function is to measure and…
A: Accounting is the process of identifying and recording the financial transactions of the company.…
Q: What are the different types of Costs? (all type of Costs please like direct cost, indirect, fixed,…
A: Cost of a product is the amount incurred in the process of bringing the product to its final state.
Q: Cost assignment and cost accumulation
A: Cost assignment is a process used in cost accounting system to allocate costs among products,…
Q: Required: a) Use activity-based costing to estimate the cost of preparing: A wage and salary tax…
A:
Q: Compute for the joint cost allocated to Reta.
A: Joint costs are those costs which have been incurred in joint for the manufacturing of products…
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: Compute It can use ABC information for what decisions? a. Cost cutting b. Pricing c. Product mix d.…
A:
Q: What is this exactly (cost of goods manufactured)? Can you give me 3 examples of direct materials,…
A: Introduction:- Cost of goods manufactured is the combination of Direct material, Direct labor and…
Q: e target cost per unit for the new product.
A: Total Target profit Cost of investment * Desired rate of return RM400000 * 11% = RM44000…
Q: 1.) Explain one difference between manufacturing and merchandising business. 2.) Why is it that…
A: Solution:- 1) Explanation of one difference between manufacturing and merchandising business as…
Q: Importance of cost accounting to an Accounting student
A: Cost accounting is an essential part of every business. This will help you to make better financial…
Q: How much is the cost of goods manufactured? ANSWER IN GOOD ACCOUNTING FORM. THANK YOU :)
A: Cost of goods manufactured means total costs incurred on the goods that are produced and…
Q: Briefly discuss the different cost classifications which are relevant for a business like Raajje…
A: Different cost classifications are: Fixed cost and variable cost Direct and indirect cost
Q: ost, sunk costs or opportunity costs. Keep in mind that one cost can be fall into different…
A: 1) Predicting cost behavior cost classifications Every company incurred the costs in order to…
Q: Google aims to give its managers timely cost reports. In responsibility accounting, who receives…
A: Every person is responsible to control the cost of this department, is responsible for reporting to…
Q: explain on how cloud accounting can give a benefit to accountant in completing the accounting job…
A: Following is the answer to given question
Q: 3) Considering the classification of goods and services, please fill in the following table with…
A: Meaning of Capital Items : Capital items are those items which have long term effects on business,…
Q: В. Explain the following: Product costs and Period costs and one example of each. Distinguish…
A: Cost: In accounting, the cost is related to monetary value spend on raw material, services, and…
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: Define Cost Pool, Cost Object and Cost Driver
A: Cost accounting forms a part of managerial accounting method that is used for measurement of total…
Q: b.Cost control and reduction
A: Answer 20 Select which of the following requires a separate measurement of cost. D:- Volume Answer…
Q: Practice 2: a: Define standard costs. b: under what conditions should previously established…
A: a. Standard costs are the estimated costs of the items, processes, products which are used in the…
Q: t and explain? thank you! Please include the reference if it'
A: INTRODUCTION :- Cost denotes the quantity of cash that a corporation spends on the creation or…
Q: Define the Cost Pool, Cost Object and Cost Driver. Please help me I really need the answer, clear…
A: These are the terms which are primarily used in cost accounting for assignment of cost to different…
Q: e category you put cost accounting, inventory management and budgeting?
A: Accounting is called the process of compiling and checking all the transactions of a company in…
Q: please help me finish this in FIFO method!
A: Cost accounting is widely used by cost accountants to determine the cost of products produced in the…
I need help with these 2 cost accounting questions. Thanks.
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- For the accounting memo, you have to write THE CONCEPT of relevant cost. DON'T INCLUDE ANYTHING IRRELEVANT and PLEASE ANSWER THIS WITH 5 paragraphs.Please help me answer this problem regarding our cost accounting subject.Please what is the solution to the cost operation management picture I uploaded. Thanks