Homework Answers
1. Option (d) is correct
All the given options are objectives & functions of cost accounting. Cost accounting assigns costs to various cost objects, it satisfies the costing objectives of financial and management accounting and it provides cost information that supports planning, controlling and decision making.
2. Option (c) is the answer
Maximizing shareholder value is not the fundamental goal.
Time based performance, quality and efficiency are the fundamental goals.
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1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to...
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b)...
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. d) All of the above. Answer: D (2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved...
1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of...
1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of current operations c. Important Information for reporting to investors d. Only (a) and (b) e. None of the above. 2. Cost Information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
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24) Four steps are necessary in preparing a production cost reports 1. Compute output in terms of equivalent units of production 2. Assign costs to units completed and units in process 3. Summarize the flow of physical units 4. Compute the cost per equivalent unit of production Place these steps in the correct order. A) 1,3,2,4 B) 3, 1, 4,2 C) 2, 1, 4,3 D) 4, 2, 1,3 Chapter 22 25) The budget process is a loop that consists of...
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1.what is the fundamental of knowledge management cycle or process? 2. what is knowledge cycle? 3....
1.what is the fundamental of knowledge management cycle or process?
2. what is knowledge cycle?
3. what is intellectual capital and three dimension of
intellectual capital?
4. what is human capital? discusion with example
5. what is knowledge sharing and organization learning?
6. what is organization culture?
7. cultural impact of knowledge sharing?
8. what is data mining?
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Cost Accounting Assignment 1 Fellco Manufacturing Fellco Manufacturing produces replacement parts for motorcycles. They specialize in...
Cost Accounting
Assignment 1
Fellco Manufacturing
Fellco Manufacturing produces replacement parts for motorcycles.
They specialize in the production of Part 240 and Part 390. Part
240 is the highest volume of the two and for many years was the
only part the company produced. Four years ago, Part 390 was added.
Part 390 is much more difficult to manufacture and requires special
tooling and setups. Profits were on the rise for the first two
years after the addition of Part...
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CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. d) All of the above. Answer: D (2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved...
1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of current operations c. Important Information for reporting to investors d. Only (a) and (b) e. None of the above. 2. Cost Information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
24) Four steps are necessary in preparing a production cost reports 1. Compute output in terms of equivalent units of production 2. Assign costs to units completed and units in process 3. Summarize the flow of physical units 4. Compute the cost per equivalent unit of production Place these steps in the correct order. A) 1,3,2,4 B) 3, 1, 4,2 C) 2, 1, 4,3 D) 4, 2, 1,3 Chapter 22 25) The budget process is a loop that consists of...
1.what is the fundamental of knowledge management cycle or process?
2. what is knowledge cycle?
3. what is intellectual capital and three dimension of
intellectual capital?
4. what is human capital? discusion with example
5. what is knowledge sharing and organization learning?
6. what is organization culture?
7. cultural impact of knowledge sharing?
8. what is data mining?
9. what is knowledge discover?
UNIVERSAL Chapter 1 Knowledge Management Overview UBSS SCHOOL SYDNEY Introduction to Knowledge Management (KM) In a knowledge...
Cost Accounting
Assignment 1
Fellco Manufacturing
Fellco Manufacturing produces replacement parts for motorcycles.
They specialize in the production of Part 240 and Part 390. Part
240 is the highest volume of the two and for many years was the
only part the company produced. Four years ago, Part 390 was added.
Part 390 is much more difficult to manufacture and requires special
tooling and setups. Profits were on the rise for the first two
years after the addition of Part...
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