Questions from Cost Accounting

Q: What is segment margin? How is segment margin used in the

What is segment margin? How is segment margin used in the quantitative analysis of a decision to drop or keep a product line?

Q: How does the passage of time affect the set of costs that

How does the passage of time affect the set of costs that is relevant to a decision?

Q: What are opportunity costs and why are they often the most difficult

What are opportunity costs and why are they often the most difficult costs to analyze in decision making?

Q: What is outsourcing? Why is the practice heatedly debated in the

What is outsourcing? Why is the practice heatedly debated in the United States?

Q: Compute the answers to each of the following independent situations.

Compute the answers to each of the following independent situations. a. Orlando Ray sells liquid and spray mouthwash in a sales mix of 1:2, respectively. The liquid mouthwash has a contribution margin...

Q: What is a scarce resource? Why is an organization’s most scarce

What is a scarce resource? Why is an organization’s most scarce resource likely to change from time to time?

Q: What is the objective of managing the sales mix of products?

What is the objective of managing the sales mix of products? What are the major factors that influence sales mix?

Q: How does management determine how to classify each type of output from

How does management determine how to classify each type of output from a joint process? Is this decided before or after production?

Q: In a company that engages in a joint production process, will

In a company that engages in a joint production process, will all processing stop at the split-off point? Discuss the rationale for your answer.

Q: Why is cost allocation necessary in accounting? Why is it necessary

Why is cost allocation necessary in accounting? Why is it necessary in a joint process?