Would the cost of residential construction benefit from a greater use of prefabricated building components? Why is it that prefabrication is not more widely used in this industry? from FINANCIAL MANAGEMENT AND ACCOUNTING FUNDAMENTALS FOR CONSTRUCTION

Would the cost of residential construction benefit from a greater use of prefabricated building components? Why is it that prefabrication is not more widely used in this industry? from FINANCIAL MANAGEMENT AND ACCOUNTING FUNDAMENTALS FOR CONSTRUCTION

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter12: Activity-based Management

Section: Chapter Questions

Problem 20E: Which of the following is likely to be used to reduce the cost of reworking products? a. Activity...

See similar textbooks

Related questions

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: Which techniqe of costing can be used in tourism firm and why that techniques can be used?

A: SOLUTION- Tourism Industry can use technique of "Cost reduction" rather than cost control as to…

Q: it advisable to create a separate cost center or at least a separate cost location for the new…

A: solution Concept Cost center Cost center is basically a department which requires…

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: Why are support department costs difficult to apply to products?

A: Given: The difficulty in applying the support department costs on products.

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

Q: Why is it important to consider the relationship among cost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

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: Why do technical analysis? Explain how and why technicians utilize it, and how it may assist time…

A: Technical analysis is a type of analysis that is used to predict the changes in the market.…

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

Q: What is a natural resource? What is the process by which businesses spread the allocation of a…

A: Natural resources:

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: Which of the following would be an acceptable measure of activity for a material handling activity…

A: For a material handling activity cost pool, number of material moves and weight of materials moved…

Q: What is the difference between full environmental costing and full private costing system in…

A: Environmental management accounting is a method for corporate entities to gather information for the…

Q: The Heritage Company is a manufacturer of office furniture. Which term best describes Heritage's…

A: The person who consumes the final product is called a Consumer. The person or entity who converted…

Q: What is a possible break-even analysis scenario in the resturant industry?

A: Break-Even Point (BEP)- The calculation of Break-even is a common business practice to be informed…

Q: Which of the following items would be treated as indirect cost? Select one: a. Fabric to cover the…

A: Introduction: Indirect costs: The costs which are not directly related the process of manufacturing…

Q: Is it possible to control financial totals without physicalcontrol of materials in manufacturing?

A: Manufacturing is the process of large scale production of materials that is generally done through…

Q: When deciding whether to make or buy a component part, the most relevant consideration is often:…

A: “Make or Buy” refers to decision made by firm whether to manufacture that product within premises or…

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: Discuss the fundamental risk and control issues associated with fixed assets that are different from…

A: Fixed Asset: The asset used by company for more than one year is known as fixed asset. Fixed asset…

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: 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: The theory of constraints suggests that the improvement efforts should usually be focused on: a.…

A: Lets start with understanding of meaning theory of constraint. Theory of constraint find out the…

Q: What is the cost of the building? What is the cost of machinery and equipment?

A: Capitalisation of fixed assets means how much cost incurred for the acquisition of long term fixed…

Q: a. Formulate the event of successful completion in terms of G, L, and M. b. Determine the…

A: Probability refers to the probable or the most probable event.

Q: Explain briefly how with examples

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

Q: Cost of conducting business in a new location or with a new class of customer, including cost of…

A: PPE means property plant and equipment that is used by the business for a longer period of time.…

Q: The major expenditures involved with buying a home include many things. Describe the up-front…

A: Upfront cost: It is the cost that one has to pay put of his/her pocket when the deal of home has…

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: Why is it important to consider workforce capability and capacity in designing and sustaining high…

A: Workforce capability refers to the ability of an organization to accomplish its goals such as…

Q: here should firms do most of their quality spending? Group of answer choices a. Inspection costs b.…

A: The firms do most of their quality spending in -

Q: What are the essential factors for installing a cost accounting system? Explain

A: A cost accounting system is a system of…

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: culture of the organization can impact the effectiveness of different project man osoft and Boeing,…

A: Project structures refer to the framework of a company under which a set of employees continuously…

Q: . As more warehouses are added to the system, what would we expect to happen to thefollowing?a.…

A: Warehousing : Warehouse is place where the goods that need to be sold or distributed later are need…

Q: I the machinery and equi uipment| Purchase Co

A: The tables have been filled in the format required depicting the scenario for starting of hotel…

Q: Which analysis involves a comparison of the cost of operating additional robotic tailors with…

A: DOL is the measure of operating risk of the business and shows the effect of use of fixed operating…

Q: What issues are accountants concerned with when determining their preference for CASE tools that…

Q: The cost structure of the motor carrier industry is affected by its infrastructure (such as highways…

A: Given: The motor's cost structure need to discussed and its effects on infrastructure also needs to…

Q: How would merging of two systems affect the costing of the new system including the impact on…

A: The act of distinguishing, investigating, , measuring, interpreting, and conveying the monetary data…

Q: I have read an article saying that Organizational Costs are considered as Intangible assets, is it…

A: The question is true or false.

Q: What would be the classification of depreciation of office building as to (1) variability, (2)…

A: Variable Cost : Cost which changes with change in production. It increase with increase in…

Question

Would the cost of residential construction benefit from a greater use of
prefabricated building components? Why is it that prefabrication is not
more widely used in this industry?

from FINANCIAL MANAGEMENT AND
ACCOUNTING FUNDAMENTALS
FOR CONSTRUCTION

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Which element of the value chain would depreciation on a factory be classified as? Design Distribution Research and development Production
How much is the correct cost of the building?
For the following descriptions state whether the cost is controllable or uncontrollable by responsibility center managers. A. property tax of an existing manufacturing facility B. research and development of a product C. advertising of a product D. insurance cost of the existing manufacturing facility E. design of a product
What do you mean by revaluation model? (Answer should be related to Property, Plant & Equipment aswell as expressed in your own words) No plagiarism What do you mean by cost model? What are some Subsequent measurement of PPE?
Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs are inventoriable and thus included in cost of goods sold? a. maintenance and customer support costsb. design, coding, and testing costs incurred before technological feasibility is establishedc. costs of software developed for internal used. costs of disks, software duplication, and training materials
Discuss the difference between revenue and capital expenditures using examples as the concepts might be applied to an engineering firm compared to an automoble manufacturer.
The theory of constraints suggests that the improvement efforts should usually be focused on: a. Work centers that are not constraints b. The work center that is the constraint c. The work center with the highest total cost. d. The work center with the most obsolete equipment.
Which of the following is not a prevention cost? a. testing finished products b. design engineering c. operator training d. preventive maintenance
Classify the following environmental activities as prevention costs, detection costs, internal failure costs, or external failure costs. For external failure costs, classify the costs as societal or private. Also, label those activities that are compatible with sustainable development (SD). 1. A company takes actions to reduce the amount of material in its packages. 2. After the activated carbons useful life, a soft-drink producer returns this material used for purifying water for its beverages to the supplier. The supplier reactivates the carbon for a second use in nonfood applications. As a consequence, many tons of material are prevented from entering landfills. 3. An evaporator system is installed to treat wastewater and collect usable solids for other uses. 4. The inks used to print snack packages (for chips) contain heavy metals. 5. Processes are inspected to ensure compliance with environmental standards. 6. Delivery boxes are used five times and then recycled. This prevents 112 million pounds of cardboard from entering landfills and saves 2 million trees per year. 7. Scrubber equipment is installed to ensure that air emissions are less than the level permitted by law. 8. Local residents are incurring medical costs from illnesses caused by air pollution from automobile exhaust pollution. 9. As part of implementing an environmental perspective for the Balanced Scorecard, environmental performance measures are developed. 10. Because of liquid and solid residues being discharged into a local lake, the lake is no longer fit for swimming, fishing, and other recreational activities. 11. To reduce energy consumption, magnetic ballasts are replaced with electronic ballasts, and more efficient light bulbs and lighting sensors are installed. As a result, 2.3 million kilowatt-hours of electricity are saved per year. 12. Due to a legal settlement, a chemicals company must spend 20,000,000 to clean up contaminated soil. 13. A soft-drink company uses the following practice: In all bottling plants, packages damaged during filling are collected and recycled (glass, plastic, and aluminum). 14. Products are inspected to ensure that the gaseous emissions produced during operation follow legal and company guidelines. 15. Operating pollution control equipment incurs costs. 16. An internal audit is conducted to verify that environmental policies are being followed.
When a company constructs a building, the cost of the building includes materials and labor, design fees and building permits. True False
Technical feasibility analyzes the availability of technology and resources. This type of analysis helps companies determine whether new technology is feasible or not. It is used when new technology is first developed, prior to use. Machinery and Office equipment(building materials company)
Discuss in relation to the AIS for construction contacts :What “new” technologies are proposed to be adopted or integrated? What are the implications for your business and AIS?