Questions from Cost Accounting

Q: How can the extent of price discounting be tracked on a customer

How can the extent of price discounting be tracked on a customer-by-customer basis?

Q: ABC systems only apply to manufacturing companies.” Do you agree?

ABC systems only apply to manufacturing companies.” Do you agree? Explain

Q: Name the four areas in which standards of ethical conduct exist for

Name the four areas in which standards of ethical conduct exist for management accountants in the United States. What organization sets forth these standards?

Q: Match each of the following items with one or more of the

Match each of the following items with one or more of the denominator-level capacity concepts by putting the appropriate letter(s) by each item: a. Theoretical capacity b. Practical capacity c. Normal...

Q: How does management accounting differ from financial accounting?

How does management accounting differ from financial accounting?

Q: Management accounting should not fit the straitjacket of financial accounting.” Explain

Management accounting should not fit the straitjacket of financial accounting.” Explain and give an example.

Q: Define cost pool, cost tracing, cost allocation, and cost

Define cost pool, cost tracing, cost allocation, and cost-allocation base.

Q: What is broad averaging and what consequences can it have on costs

What is broad averaging and what consequences can it have on costs?

Q: Donnell Transport assembles prestige manufactured homes. Its job costing system has

Donnell Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturi...

Q: Rafael Company produces pipes for concert quality organs. Each job is

Rafael Company produces pipes for concert quality organs. Each job is unique. In April 2011, it completed all outstanding orders, and then, in May 2011, it worked on only two jobs, M1 and M2: Direct...