True or False: The account analysis method is more subjective than other cost estimation methods because...

Question

Question

True or False: The account analysis method is more subjective than other cost estimation methods because...

True or False: The account analysis method is more subjective than other cost estimation methods because it relies heavily on the personal judgment and experience of accountants.

True or False: One advantage of the engineering method is that it does not require data from prior periods to estimate cost behavior.

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

1.True or False: The account analysis method is more subjective than other cost estimation methods because it relies heavily on the personal judgment and experience of accountants. TRUE

2.True or False: One advantage of the engineering method is that it does not require data from prior periods to estimate cost behavior. TRUE

Add a comment

Answer 2

Similar Homework Help Questions

The high−low method is theoretically better than regression analysis because the high−low method uses more data...

The high−low method is theoretically better than regression analysis because the high−low method uses more data points than regression analysis. True False
1. The perpetual inventory method cannot be used in a job order cost system. True False...

1. The perpetual inventory method cannot be used in a job order cost system. True False 2. A job order cost system and a process cost system are two alternative methods for valuing inventories. True False 3. Accumulating and assigning manufacturing costs are two important activities in a job order cost system. True False 4. When raw materials are purchased, the Work in Process Inventory account is debited. True False 5. Job order cost sheets constitute the subsidiary ledger of...
11. TRUE or FALSE Individuals without health insurance have to pay more for comparable services because they do not have...

11. TRUE or FALSE Individuals without health insurance have to pay more for comparable services because they do not have the advantage of sharing costs as part of a pool of consumers. 12. TRUE or FALSE The majority of physicians, nurse practitioners, and physician assistants practice in primary care. 13. TRUE or FALSE China ranks number #2 out of 190 in the world's health systems analysis 14. TRUE or FALSE China guarantees human rights to healthcare. 15. TRUE or FALSE...

According to Robert Trivers, why are men generally larger and more physically aggressive than women? Because...

According to Robert Trivers, why are men generally larger and more physically aggressive than women? Because women are more reproductively “valuable” than men, hence competition for mates is fiercer among men Because men invest more heavily in reproduction than women Because men secrete more testosterone Trivers’ theory does not speculate on the origin of the sex difference in size and physical aggression Although some women are interested in casual sex (short-term mating), research has suggested that there are differences in...
uestion 3 Using PW Analysis, for mutually exclusive projects, more than one project can be selected O True O False stion 7 Compare the machines shown below on the basis of their capitalized cost...

uestion 3 Using PW Analysis, for mutually exclusive projects, more than one project can be selected O True O False stion 7 Compare the machines shown below on the basis of their capitalized cost. Use i-10% per year Machine 1 20,000 9000 4000 Machine 2 First cost,S Annual cost,/year Salvage value, $ Life, years -100,000 -7000 Infinite A.-20000(A/P 1096.3)-9000+4000WF,1096,3) B. $-15832.40 C. $-170,000 D. 1 E. $-180,000 F. 2 G. S-166,540 Equation for AW1- Answer 2 decimals) + Selection- uestion...
1.Select one advantage of IRR as a capital budget method. a) It is more useful than...

1.Select one advantage of IRR as a capital budget method. a) It is more useful than NPV analysis when evaluating mutually exclusive projects. b) It accurately reflects the reinvestment rate risk. c) It is simple to understand because it ignores the time value of money. d) The IRR can easily be evaluated alongside a company's threshold rate. 2. A company invests $600,000 in a project with the following net cash flows: Year 1: $130,000 Year 2: $113,000 Year 3: $98,000...

Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...

Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable and Fixed Costs Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20X1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of the canoes,...
Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...

Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable and Fixed Costs Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20X1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of the canoes,...
Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to...

Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable and Fixed Costs Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20X1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of...

Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to...

Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable and Fixed Costs Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20x1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of...

True or False: The account analysis method is more subjective than other cost estimation methods because...

Homework Answers

Add Answer to:
True or False: The account analysis method is more subjective than other cost estimation methods because...

Post as a guest

Earn Coins

The high−low method is theoretically better than regression analysis because the high−low method uses more data...

1. The perpetual inventory method cannot be used in a job order cost system. True False...

11. TRUE or FALSE Individuals without health insurance have to pay more for comparable services because they do not have...

According to Robert Trivers, why are men generally larger and more physically aggressive than women? Because...

uestion 3 Using PW Analysis, for mutually exclusive projects, more than one project can be selected O True O False stion 7 Compare the machines shown below on the basis of their capitalized cost...

1.Select one advantage of IRR as a capital budget method. a) It is more useful than...

Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...

Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...

Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to...

Integrative Exercise Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to...

True or False: The account analysis method is more subjective than other cost estimation methods because...

Homework Answers

Add Answer to: True or False: The account analysis method is more subjective than other cost estimation methods because...

Post as a guest

Earn Coins

Add Answer to:
True or False: The account analysis method is more subjective than other cost estimation methods because...