Questions from Cost Accounting

Q: What is a strategy map?

What is a strategy map?

Q: What is the difference between a stakeholder and a shareholder?

What is the difference between a stakeholder and a shareholder?

Q: What are four purposes of cost allocation?

What are four purposes of cost allocation?

Q: What are two basic reasons for a management team to select one

What are two basic reasons for a management team to select one period cost allocation method over another?

Q: Name three decisions managers face when designing the cost allocation component of

Name three decisions managers face when designing the cost allocation component of an accounting system.

Q: To ensure unbiased cost allocations, fixed indirect costs should be allocated

To ensure unbiased cost allocations, fixed indirect costs should be allocated on the basis of estimated long-run use by user division managers.” Do you agree? Why?

Q: What is theoretically the most defensible method for allocating service division costs

What is theoretically the most defensible method for allocating service division costs?

Q: What is one key method to avoid disputes over allocation of support

What is one key method to avoid disputes over allocation of support costs with respect to government contracts?

Q: How might a company simplify its use of the estimated NRV method

How might a company simplify its use of the estimated NRV method when the final selling prices can vary sizably in an accounting period and management makes frequent changes to the point at which it s...

Q: EnRG Inc. produces trail mix packaged for sale in convenience stores

EnRG Inc. produces trail mix packaged for sale in convenience stores across Canada. At the beginning of April 2015, EnRG has no inventory of trail mix. Demand for the next three months is expected to...