Replenishment planning helps to determine what materials are to be procured and when. Select on

Q: Classify the following activities as per their respective categories under quality cost or as per…

A: The value chain means the process or activities by which a company adds value to an article,…

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

A:

Q: The costs of direct materials, direct labor, and overhead of completed products ready for sale are…

A: Cost of goods sold (COGS) refers to the cost of goods and services which is sold by the company in…

Q: How much of the total material handling cost should be allocated to the specialty windows?

A: The overhead cost is applied to the production on the basis of predetermined overhead rate.

Q: Which of the following is the proper sequence of events in an activity-based costing system? A.…

A: Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect…

Q: Use of direct and indirect materials in production requires a credit to

A: Raw material: Raw material is the material used in production which can be converted to final…

Q: management consider in determining the amount of onvestment in ma

A:

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: What is the schedule of cost of good manufactured used for?

A: Step 1 The cost of goods manufactured is a calculation of the production costs of the goods that…

Q: An example of an appraisal cost would be: O Scrap O Process or product design O Product recalls O…

A: Cost of Good Quality is incurred in order to reduce the Cost of Poor Quality, so that overall Cost…

Q: prepare a rea model depicting the issuance of raw materias into the manufacturing process. identify…

A:

Q: Pre-determined costs are future costs which are ascertained in advance of production on the basis of…

A: Cost accounting is the accounting of the cost incurred during the accounting period. This helps the…

Q: In purchase procedure, if any department requires fresh material, then they should

A: Option a is wrong because purchase order is the document issued by the purchase department to order…

Q: aterials purchase from the previc d cost of direct materials.

A: The correct answer is  b) Budgeted cost of direct materials .

Q: It is advisable to locate the facilities close to the raw material source if:

A: Raw material is the basic input of materials for making a product. There are various things which…

Q: Systems Concepts, Traditional versus Activity-Based Cost Accounting Systems The following items are…

A: Activity-based costing represents the costing method that assigned the cost to each activity based…

Q: NTROL OF MATERIALS AND LABOR

A: Payroll is the compensation  business must pay to employees for a set period on a given date. It…

Q: Explain briefly how with examples

A: Environmental accounting: It is the process of reporting the usage of natural resources available in…

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: In backflush costing, the journal entry to record dl would include a proce

A: Back flush costing:   Back flush costing is a simplified approach for cost flow accounting that…

Q: Describe the effects of using direct and indirect material.

A: Direct materials are required directly in the production process like wood required to make…

Q: The production of the rest stop benches requires the following costs. For each cost, determine how…

A: Direct material is the cost of material purchased for the production process of the company. Direct…

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: Help question 14

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

Q: Explain the ethical considerations to be taken care of, while maintaining costing records.

A: Cost accountants are responsible for all internal accounting data within a company. These people are…

Q: ition forms, and

A: Overheads is $5 per direct labor hour.

Q: Discuss the role of Flow Cost Accounting in Environmental Cost Management. Cite examples if…

A: Flow cost accounting: Flow cost accounting is one of the environmental cost management tools that…

Q: What is the formula used to determine the amount of direct materials to be purchased?

A: Direct materials:   Direct materials are the materials and supplied that are directly consumed for…

Q: assess if task costing or process costing would be a more suitable method of accounting. • *An…

A: solution : concepts involved task costing               Task costing is a method of costing where…

Q: Make a system for recording the cost of raw materials using the complete Perpetual method

A: Cost of raw materials is the cost of materials which are cost of the materials which the company…

Q: Identify and discuss the factors that affect the focus and practice of cost management.

A: The practice of managing and organizing the expenses associated with running a firm is known as cost…

Q: total material handling cost should be allocated

A: Particulars Specialty Windows Wall Mirrors Total Total expected materials move (A) 900 300…

Q: Which of the following best describes the activities of the materials management function?a.…

A:

Q: Discuss the role of Flow Cost Accounting in Environmental Cost Management. Cite examples if…

A: Material flow cost accounting is a standardized technique used by organizations to boost their…

Q: Which of the following material issue pricin method considers the prices as well as the quantities…

A: Solution: "Weighted average method" considers the prices as well as the quantities of materials…

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: Prioritize the types offactory building based on the NPV and IRR, in order to make a profitable…

A: Capital budgeting indicates the evaluation of the profitability of possible investments and projects…

Q: What steps or activities are involved in developing standards for the materials that are used in…

A: Direct or indirect material are types of materials, direct materials includes those materials which…

Q: "Quality Assurance?" in the Procurement of Items and services Write a short report on

A: Quality assurance is described as a "component of quality control focusing on providing certainty…

Q: Explain the ethical considerations to be taken care of while maintaining cost records.

A: Ethics of professional accountant:   This is a set of principles that an accountant follow to…

Q: Conversion costs include Direct materials and Overhead costs. TRUE FALSE

A: Conversion costs include direct labor and overhead expenses incurred due to the conversion of raw…