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.

Q: Evaluate labour cost as a major project cost.

A: Project Cost: It is an estimation of total funds required to complete a project. The estimation is…

Q: Calculate the total engineering fees including taxes based on the following:

A: Fees :- Fees include all receipt from the Customer or party. It include  All Direct cost, Service…

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

A: Natural resources:

Q: Would the cost of residential construction benefit from a greater use of prefabricated building…

A: Prefabrication is the process of creating a building's components offsite, usually in a factory, and…

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: 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: computing ROI,

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

Q: What is the major shortcoming of using operating income as a performance measure for investment…

A: The company's aim will be to increase the profitability of the company. The profits can be arrived…

Q: How can accounting con

A: these three steps can increase the capacity of of an accounting firm. Adopt a cloud-based platform…

Q: Synthesized data to explain the concept of ROI, how the use of an activity-based costing system can…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

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: Determining the unit cost of manufacturing a product is an output of financial accounting. True…

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

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: What is the primary disadvantage of utilizing revenue from operations to evaluate investment…

A: Investment centers are businesses that invest in other companies to boost their profits.

Q: A company is planning to purchase various machineries and equipment. Select the one which will…

A: Capital expenditure budget :  A capital expenditure budget is a written plan that specifies the…

Q: In performing CVP analysis for a manufacturing company, what simplifying assumption is usually made…

A: Definition:  Cost-volume profit analysis: CVP analysis is a tool of cost accounting that measures…

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: ent center manage

A: Rate of investment  :money is a metric that's wide wont to live the likelihood of gaining a come…

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: Working Capital is needed for which of the following purposes a. Purchase of raw materials and…

A: Working Capital:- It is also known as networking capital, It is a difference between current assets…

Q: When conducting a cost-volume-profit analysis determine where the most challenges for accountant…

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: Discuss and explain how does finance important for an Industrial Engineer Manager

A: The Industrial Engineer Manager is the one who mange all the industrial engineering activities. He…

Q: What are two additional types of costs incurred to support any manufacturing project?

A: The manufacturing companies are the companies which deal in the production or change in the raw…

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: Identify and discuss arguments that individual product managers may put forward to support their…

A: Preferred Revenue Allocation method is a revenue allocation method in which managers in charge of…

Q: Decisions to install new equipment, replace old equipment, and purchase or construct a new building…

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

Q: If a company constructs a laboratory building to be used as a research and development facility, the…

A: Depreciation is a reduction in the value of asset over a period of time. If a company construct a…

Q: Demonstrate and compare how return on investment and residual income are used to assess the success…

A: It essentially refers to the average return on an investment over a certain period. It's pretty…

Q: What is the major shortcoming of using income from operations as a performance measure for…

A: Investment centre are who do investment of organisation to increase income.

Q: What is the financial function? How is it important in the engineering firm?

A: Finance: Finance is study of money and investments. In broader concept, it  deals with all the…

Q: Is Historical Cost measurement concept is still relevant to account for majority of the company…

A: Historical Cost Measurement Concept  In this concept valuation of the cost of an assets which are…

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: Show and compare how return on investment and residual income are used to evaluate the performance…

A: Introduction: It refers to the average return on an investment over a specific period. It's…

Q: Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical…

A: The statement of cash flows is the statement showing the cash inflows and cash outflows divided into…

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

A: Variable cost is the cost which changes with the change in production. With every increase in…

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

A: The question is true or false.

Q: Which of the following would be least likely to be considered a managerial accounting report? a.a…

A: The correct answer is option b i.e. a statement of stockholders' equity. Because out of the other…

Q: Which of the following statements is true of raw materials? ) a) They are categorized as consumer…

A: Raw material known as Unprocessed material, that is basic material from which a final product to be…

Q: Analyse the significance of gearing and insolvency for project cost   2. Evaluate labour cost as a…

A: SOLUTION-1 GEARING- IT REFERS TO A RELATIONSHIP OR RATIO OF COMPANY DEBT AND EQUITY . GEARING SHOW…

Q: Explain and compare how return on investment and residual income are used to evaluate investment…

A: It basically means the average return on an investment in a particular period in which the…

Q: Recommend actions for a manufacturing company on how to maintain or perhaps improve more their…

A: Answer: Manufacturing company are those company which are involved in extensive operations on day to…

Contract Costing

Contract costing is about tracing particular costs related to a particular contract entered into with the customer. It is one of the forms of job order costing. It is useful in long-term contracts at the most. It is seen that substantial time is required for the completion of the contract which takes different accounting periods. Thus, it is very much helpful for recognizing the costs associated with it and accounting in their specific accounting periods.