Provide what constitutes inventoriable costs in the study of management accounting.
Provide what constitutes inventoriable costs in the
study of management accounting.
Homework Answers
Inventoriable cost is costs which is considered as cost of an inventory.in the case of a retailer,it constitute all cost of purchase from the supplier and other costs incurred to bring the inventory into present location and condition(saleable),eg:freight inward.
Also in the case of a manufacturer,it constitute cost of production of inventory say material costs,labour costs and other overheads.
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Provide what constitutes inventoriable costs in the
study of management accounting.
Inventoriable costs: are expensed in the accounting period in which the products are sold are also...
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Distinguish between inventoriable costs and period costs. O A. Inventoriable costs include direct manufacturing materials and...
Distinguish between inventoriable costs and period costs. O A. Inventoriable costs include direct manufacturing materials and direct manufacturing labor costs that are capitalized into inventory and remain on the balance sheet until sold. Period costs include indirect manufacturing (or manufacturing overhead) costs and are expensed as incurred through the cost of goods sold account. B. Inventoriable costs include material costs and are capitalized as assets to the company until the items are sold. Period costs include labor and overhead costs...
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1) What are some of the limitations of cost accounting. 2) Management accounting provides economic and financial information for external users such as shareholders, creditors and banks. True/ False 3) Financial accounting provides information for managers and other internal users. True/ False 4) What are the inventoriable of a merchandising g business
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Define and illustrate a cost object. Distinguish between direct costs and indirect costs. Explain variable and...
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Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7 Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7
"Management accounting deals only with costs. Do you agree? Explain. O A. Yes Management accounting only...
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Describe the allocation of inventoriable costs may be made under any of the following assumptions as...
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Inventoriable costs: are expensed in the accounting period in which the products are sold are also referred to as nonmanufacturing costs are particularly useful in management accounting include administrative and marketing costs
Distinguish between inventoriable costs and period costs. O A. Inventoriable costs include direct manufacturing materials and direct manufacturing labor costs that are capitalized into inventory and remain on the balance sheet until sold. Period costs include indirect manufacturing (or manufacturing overhead) costs and are expensed as incurred through the cost of goods sold account. B. Inventoriable costs include material costs and are capitalized as assets to the company until the items are sold. Period costs include labor and overhead costs...
Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7 Why is the study of financial management important? What is the difference between financial management and accounting? Please answer the questions in a complete paragraph. Make sure you respond to another student's post by day 7
"Management accounting deals only with costs. Do you agree? Explain. O A. Yes Management accounting only measures, analyzes and reports financial and nonfinancial information relating to the costs of acquiring or using in an organization OB. No Management accounting only analyzes the manufacturing of products for customers in order to assess product and customer profitability O C. No Management accounting does not use cost information, it only records financial activities of the company in accordance with GAAP OD. No. Management...
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