Responsibility reports are used for
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- Absorption costing is:A. a good way to value inventories for the balance sheet.B. used for external reporting purposes.C. less useful than variable costing for management decision making. D. A and B is correct E. A, B and C is correctMarginal Costing is a technique of _____. a. Cost Reduction b. Cost Evaluation c. Cost Control d. Cost MeasurementWhen using the general methods to estimate cost behavior, A. It is a good idea to use multiple methods so results can be compared B. Managers often apply their own best judgement as a first step in the estimation process C. Results are likely to differ from method to method D. Large differences in methods suggest that the cost cannot be estimated.
- in management accounting strandard cost ： definition . types of strands and cost . benefit . limitation . conclusion . Strictly do not copy it's must be in ur words.Calculate the order quantity that would minimize the cost of item Z. management accountingWhat of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting process. b.It aids management in cost cutting and/or cost control and inferentially in product profitability. c.It causes managers to identify non-value added activities and therefore encourages thinking of means of reducing such activities. d.Is more complex than traditional accounting system because it uses multiple cost application rates, one for each activity or cost pool.
- Use the high-low method to compute the cost function relating customer-service costs to the number of service reports.Cost accounting is an area of accounting concerned with cost determination, cost control and cost analysis. Which of the following is a description of cost control? a. Refers to the use of cost data by management in decision making. b. None of the above c.Refers to the comparison of standards set for costs per unit and with the figures per actual operations so that remedial measures may be adopted if needed. d.Refers to the accumulation of cost data by products, process or services to be able to arrive at a unit cost.Knowing how costs behave to change in the level of activity is useful to management for all the following reasons except for: predicting customer demand. predicting profits as sales and production volumes change. estimating costs. changing an existing product production.
- true or false Costs that are traceable to a segment and are completely beyond the influence of the segment manager can be advantageously divided in segment reports into two distinct responsibilities - those for segments and those for segment managers.The definition of the cost is the collection of cost data in some organized way by means of an accounting system. Select one: True FalseIt is the collection of cost data in some way through an accounting system A. Cost allocation OB. Cost Absorption C. Cost Assignment OD. Cost accumulation
