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.
Add Answer to:
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
24) Four steps are necessary in preparing a production cost reports 1. Compute output in terms...
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.All of the following would be considered staff functions EXCEPT the a.vice president of corporate planning....
1.All of the following would be considered staff functions EXCEPT the a.vice president of corporate planning. b.vice president of finance. c.vice president of research and development. 2. Which of the following is an example of a staff position in an organization? a.Accountant b.Plant manager c.Sales officer d.Marketing manage d.vice president of marketing. 3. Competitive advantage is established by providing a.better quality than competitors. b.greater customer value for less cost than competitors. c.greater efficiencies than competitors. d.more customer products than competitors....
QUESTION 1 _________ feasibility determines whether the company can develop or otherwise acquire the hardware, software,...
QUESTION 1 _________ feasibility determines whether the company can develop or otherwise acquire the hardware, software, and communications components needed to solve the business problem. Behavioral Competitive Economic Technical 0.5 points QUESTION 2 The _________ identifies the firm's overall mission, the goals that follow from that mission, and the broad steps required to reach these goals. IS operational plan IS strategic plan IT architecture Organization strategic plan 0.5 points QUESTION 3 The _________ consists of a clear set...
Journal of Marketing Journal of Marketing (JM), a bimonthly publication of the American Marketing Association (AMA),...
Journal of Marketing Journal of Marketing (JM), a bimonthly publication of the American Marketing Association (AMA), is one of the premier refereed scholarly journals of the marketing discipline. Since its founding in 1936, JM has played a significant role in the dissemination of marketing knowledge grounded in scholarly research, as well as in shaping the content and boundaries of the discipline. Two AMA objectives have a direct bearing on the publication policies of JM: (1) to lead in the development,...
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?
9. what is knowledge discover?
UNIVERSAL Chapter 1 Knowledge Management Overview UBSS SCHOOL SYDNEY Introduction to Knowledge Management (KM) In a knowledge...
Zara Organizational Structure Structure relates to a skeletal framework of activities and process...
Zara Organizational Structure Structure relates to a skeletal framework of activities and processes in an organisation and specifies the roles of these in achieving goals and objectives of the organisation. According to (Mullins, 2009), a good structure is highly important due to the fact that decisions on structure are primary strategic decisions which can make or break an organisation. One important aspect of a good structure is the human element. Organisation structure should be designed so as to encourage employees...
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...
IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN...
IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN GOD WE TRUST comprises Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Poultry Business. IN GOD WE TRUST overarching purpose for establishing a Poultry Business was to become the leading producers of Quality Poultry Products in the Poultry Industry within their catchment area of Business operation. IN...
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...
Most questions answered within 3 hours.
-
Write a command line to view the long listing of all files,
including hidden files, with...
asked 19 seconds from now -
What is the expression for the uncertainty in the total energy
Etot of equation?
Assume an...
asked 2 minutes ago -
In response to the increasing weight of airline passengers, the
Federal Aviation Administration told airlines to...
asked 2 minutes ago -
Events A and B are independent. Suppose event A occurs with
probability 0.63 and event B...
asked 12 minutes ago -
Rubies are essentially alumina Al2O3 with a contaminant of
chromium in the form of Cr2O3. A...
asked 20 minutes ago -
Write a full program that will accept
exactly three command line arguments
that can be interpreted as...
asked 22 minutes ago -
1.histones are proteins that make up nucleosomes. they bind to
the backbone of DNA in chromosomes....
asked 31 minutes ago -
What is the relationship between a variables value and their
probabilities as it is summarized by...
asked 40 minutes ago -
Balance Sheet
DR
CR
Cash
10000
AR
7000
Supplies
500
Equipment
5,000
Accum depreciation
...
asked 38 minutes ago -
Country
Continent
GDP (millions of US$)
Afghanistan
Asia
 
asked 41 minutes ago -
1) Use the Euclidean algorithm (write in pseudocode) to find the
greatest common divisor of 8...
asked 1 hour ago -
Based upon the corporate proposal for this week, research three
different data storage options for your...
asked 1 hour ago