Are large batch sizes preferable to small batch sizes? Explain.

Q: What is the critical path in the PERT method for network analysis?a. shortest path through the…

A: Critical Path: The critical path can be defined as the order of network activities involved in a…

Q: What is variance analysis? Explain?

A: Variance Analysis: Variance analysis is the process of ascertaining the deviations between actual…

Q: Investigate the concept of breakeven volume and explain the characteristics drive of BEV.

A: Break even volume is that volume of sales at which there is no profit or loss to the firm.

Q: What is the Tolerable Error Rate?

A:

Q: Why is partitioning an internal rate of return important?

A: Introduction: There are two cash flow components which can form the portioning of internal rate of…

Q: What are the advantages of the direct write-off method? And Explain Please.

A: Direct write-off method is an effective way for a company’s business to recognize bad debt. Bad debt…

Q: How might the optimal solution of a linear programming problem be determined?

A: Linear programming problem: Linear programming problem is the method of the business through which…

Q: hat ty

A: Variance analysis is a summary statement which demonstrate the difference between planned…

Q: What are some advantages of the Direct Write-Off method? What are some disadvantages of the Direct…

A: Direct Write Off Method: According to Direct Write off method, Bad Debt Expense is recognized once…

Q: How efficient is an High-low method technique?

A: Using high low method, different types of costs can be separated.

Q: Define crossover rate

A: Crossover over rate helps the company to determine which investment proposal will be beneficial in…

Q: how to compute quantity/efficiency variance

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: What are input flexibility options and output flexibility options?

A: The question is based on the concept of production process. The managers can use variation in Input…

Q: advantages and disadvantages of the scattergram method as compared to the high-low method?

A: Solution High-low method takes high level activity and low level activity and measure the total cost…

Q: Define the term variance analysis.

A: Variance:   Variance refers to the difference level in the actual cost incurred and standard cost.…

Q: What is the purpose of using the high-low method?

A: High-low method: In the high-low method, the semi variable-cost approximation is calculated by using…

Q: Explain and describe the overhead variance.

A: Variance means when the actual cost does not match with the estimated costs. To compute the…

Q: Define the term accelerated cost recovery system (AC RS)?

A: The AC RS is a method of depreciation. It is used for depreciating the property for tax purposes

Q: Find material price variance

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Explain variable overhead efficiency variance.

A: Variable overhead efficiency variance refers to the difference between the true time it takes to…

Q: Can someone give an example of Mean-Variance analysis?

A: Example for mean-variance analysis:

Q: Explain why planning and distributing a mass-market system release is costly.

A: It is Extremely Expensive. Mass marketing is extremely expensive form of marketing and it is usually…

Q: Q.When inputs are substitutable, how can the direct materials efficiency variance be decomposed…

A:

Q: Explain retention ratio

A: Retention Ratio represents the percentage of profits retained by a Company. The Retention ratio…

Q: In general, variance analysis is said to provide information about _________ and __________…

A:

Q: What is modified accelerated cost recovery system (MACRS)?

A: Any fixed asset purchased has a fixed life throughout which it has to be used. Over the course of…

Q: What is an outlier? List some possible causes of outliers. How should outliers be handled in cost…

A: Outlier: An outlier is a data point that falls far away from the other points in the scatter diagram…

Q: standard cost

A: Standard cost systems are cost accounting systems in which standard is set for each item of cost and…

Q: Explain an example how to calculate cost variance.

A: Cost variance is the difference of standard cost and actual cost in manufacturing of a product. Cost…

Q: How do you find full absorption cost

A: Absorption costing refers to the method of managerial accounting in order to capture all the costs…

Q: What is the primary advantage of the multiple-step format?

A: Definition: Multi-step income statement: The income statement represented in multi-steps with…

Q: The materials price variance can be computed at what two different points in time? Which point is…

A:

Q: How does variance analysis help in continuous improvement?

A: Variance Analysis: Variance analysis is the process of ascertaining the deviations between actual…

Q: compute for throughput time

A: Throughput time or the period is the time in days or in hours which are required by the company in…

Q: direct materials mix variance for this problem

A: The benchmark is established in advance, and actual performance is assessed in comparison to it.…

Q: What is Modified Internal Rate of Return (MIRR) method?

A: Internal rate of return (IRR): The internal rate of return (IRR) is a measure utilized in capital…

Q: What is total overhead variance?

A: Overhead means indirect costs incurred in the production and selling of goods. It can be…

Q: How can thepayback method be useful?

A: Meaning:   The payback period is the time required to earn back the amount invested in a…

Q: Explain how to calculate static budget variance.

A: Static budget: Static budget is a master budget that is prepared for only one level of sales…

Q: How is breakeven analysis different from CVP analysis?

A: Breakeven analysis: It helps to analyze the break-even level of company that is, the level of…