What is a natural resource? What is the process by which businesses spread the allocation of a natural resource’s cost over its usage?

Q: Discuss the difference between revenue and capital expenditures using examples as the concepts might…

A: Revenue Expenditure (RE) is recorded in the income statement to arrive at net income for the period.…

Q: What are life-cycle costs? How do these costs relate to the production life cycle?

A: Life cycle cost is the summation of all costs related to a product, structure, system, or service…

Q: What are the factors affecting equipment costs?

A: Equipment cost is the total cost incurred to bring the equipment in the useable state. It includes…

Q: What is the cost structure of the Private space industry (ex. Space x and Blue origin) and the…

A: Ans. Private space industry came to prominence in the last 20 years. Many private participants…

Q: How cost accounting helps tourism firm in determining the price?

A: Cost accounting makes the basic distinction between fixed and variable costs. This is then used by…

Q: nvironmental, pollutions help to increase the company pr

A: Environmental pollution : Pollution refers to the process under which our essential resources like…

Q: What is the Production Cost (Cost of production) for ABC Company?

A: Production cost is the cost that is incurred in the production process by the company.

Q: Which one of the following depends on the level of output or activity? O building rent cost O…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: How should a company decide on the number of cost pools it should use to allocate costs to…

A: Costing: Costing is a technique used in cost accounting to determine the cost of a product. With the…

Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…

A: Introduction:   We can separate expenses of a company into different categories. These are termed…

Q: Under what conditions must an enterprise provide information about products and services?

A: If operating segments of an enterprise have not been determined based on Differences in products and…

Q: What is the Cost Flows in a Manufacturing Company?

A: Cost flows allude to the way or course through which costs go through business.

Q: How do you determine the working capital needs of a parts stor

A: Working capital is the amount by which the current assets exceed current liabilites.  In…

Q: Give an example of a common resource in an organization. List some of the opportunity costs…

A: Opportunity cost: Opportunity cost refers to the forgone revenue that could have been generated…

Q: Profits are connected to entrepreneurship in all of these ways EXCEPT profits are a signal to direct…

A: Entrepreneurship is defined as the capacity and willingness to create, manage, and run a business…

Q: What makes POS systems different from revenue cycles of manufacturing firms?

A: POS System:   It is a system implemented in rattail sectors where the sale transaction taking place…

Q: When would it be beneficial for the household enterprise to outsource some activities, for example,…

A: Outsourcing arrangement helps to delegate time consuming and repetitive activities to a third party.…

Q: Which is the best definition of start-up costs? a. All activities associated with organizing a new…

A: Costs are that worth of money which is utilized to pay for the expenses. Costs are incurred to start…

Q: computing ROI,

A: In computing ROI, land held for future use Correct Answer Is A  considered a nonoperating asset.

Q: How cost accounting is useful for external user as Government ,and customer etc.support your answer…

A: Cost accounting system is a framework that guides the firm to calculate their cost and helps in…

Q: How do service companies differ from manufacturing companies?

A: Company:   A company refers to an artificial judicial person created by a group of individuals who…

Q: What is return on investment, and how is it calculated?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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: Product costing is the process of:  A. accumulating the costs of a production process. B. assigning…

A: Cost accounting  is a form under the various available systems of accounting including financial…

Q: What is the nature of cost management and how beneficial it is for the business?

A: Introduction:   Cost management is the process of planning and controlling a business's running…

Q: Why does a company evaluate both the money allocated to a project and the time allocated to the…

A: Time value of money:   Time value of money operates on the principle that there is a greater benefit…

Q: What are the difference between the cost of goods sold of manufacturing and service type businesses…

A: Introduction:

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: How do commercial businsses support the work of industrial business

A: Gaining profits is a primary motive for trading businesses mostly which can be treated as commercial…

Q: re the difference between traditional product costs and activity-based product

A: Traditional product costs: The traditional method of allocating product costs is to allocate the…

Q: Prime cost for the business is calculated as

A:

Q: ?Which of the following is part of the first big economic questions ?What goods and services are…

A: Each and every economy face the following three central Problems - 1. What to produce 2. How to…

Q: How cost accounting is useful for external user as Government ,and customer etc,support your answer…

A: Cost accounting gives complete details of the cost incurred in the manufacturing of the product and…

Q: What plant-level capacity ideas prioritize output? That is, what denominator-level capacity models…

A: The answer:

Q: Costs that are treated as assets until the product is sold are

A: Asset is a resource from which a entity expects future economic benefits from usage of such asset.

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

A:

Q: What is the dominant form of business organization, in terms of the ownership of productive…

A: Corporation: The form of business entity ,which is incorporated by state law into a separate legal…

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: The decision by firms of the quantity of output to supply is based on O the price of inputs O the…

A: Please see the next step for the answer

Q: In the context of a real-life company, an identification and discussion of the different types of…

A: The question is related to Cost Accounting. Cost  is the amount of resource given up in exchange of…

Q: how important does the owner /manager believe cost information is the success of the business?

A: Cost accounting is an accounting system which provides information about all the costs incurred in…

Q: What is the total cost of ownership concept? What are some of the challenges that must be overcome…

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

Q: components of the Contribution Margin Income Statement, how does management use this in the decision…

A:

Q: What are the benefits enjoyed by tourism firm by adopting cost accounting?

A: cost accounting -    cost accounting is the recording classifying summarizing and analyzing the…

Q: how to allocate the cost of joint products and byproducts?

A: Costs incurred on joint products is known as joint costs. Those costs which are incurred on more…