quantitative analysis method” when analysing costs
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Question 2
Differentiate between “account analysis method” and “quantitative analysis method”
when analysing costs
Answer should not be less than 500 words. thank you.
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- Matching Following are a number of key terms and concepts introduced in thechapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–12). Note thatnot all key terms and concepts will be used. Answers are provided at the end of thischapter.a. Cost–volume–profit analysisb. Cost formulac. Contribution margind. Contribution margin formatincome statemente. Linearity assumptionf. Contribution margin ratiog. Operating leverageh. Sales mixi. Break-even pointj. High–low techniquek. Managerial accountingl. Management processm. Variable costn. Fixed costo. Relevant rangep. Mixed (semivariable) costq. Cost behavior pattern____ 1. The proportion of total sales represented by various products or categoriesof products.____ 2. The difference between revenues and variable costs.____ 3. The concept that operating income changes proportionately more than revenues for any given change in revenues.____ 4. The…In determining cost behavior in business, the cost function is often expressed as Y=a+bX. Which one of the following cost estimation methods uses only two levels of activities in estimating fixed and variable costs for the predictive equation? Group of answer choices Multiple Regression Graphic Method High-low Method Simple RegressionIf an income statement is prepared as an internal report, under which of the following methods would the term gross margin most likely appear? Question 10 options: a) Both absorption costing and variable costing. b) Absorption costing but not variable costing. c) Variable costing but not absorption costing. d) Neither variable costing nor absorption costing
- Hi I'm looking for an explaination on how to compute gross margin under absorption costing with these twi connected problems. Thank you!The high-low method used in determining costs can be used to estimate the cost queation using just two points of reference True FalseWhich cost driver would you recommend Cooper use going forward? a)Actual MOH B) Fixed MOH C)DM Cost d)DL hours e)Applied MOH
- Explain the concept of customer profitability analysis. Give examples of cost drivers used in this analysis. (500 words)Define the term marginal cost and marginal costing. Explain the features of marginal costing & Mention the assumptions of Break-even analysis. Answer in not less than 750 words.ASAP Kindly give a full explanation for each option why it is correct or why others are wrong 1 Both the equivalent units schedules and the physical flow are prerequisites to calculating the a) unit cost. b) cost reconciliation. c) weighted average. d) operating costs
- Explain the differences between relevant cost analysis and strategic cost analysis. No less than 250 words. Follow APA format.Q) Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.What is the cost per equivalent unit for conversion cost using FIFO? (SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!)
