Questions from Cost Accounting


Q: What two questions must a manager answer if a company is implementing

What two questions must a manager answer if a company is implementing time-driven activity-based costing?

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Q: In the context of time-driven ABC, what are time

In the context of time-driven ABC, what are time equations?

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Q: What costs are irrelevant for the decision of whether to sell a

What costs are irrelevant for the decision of whether to sell a joint product or process it further?

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Q: Why would a number of accountants express a preference for the net

Why would a number of accountants express a preference for the net realizable value method of joint cost allocation over the physical quantities method?

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Q: How are activity-based costing and activity-based management similar

How are activity-based costing and activity-based management similar? How do they differ?

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Q: You can get the cost of customers by first computing the cost

You can get the cost of customers by first computing the cost of the products they buy and then multiplying by the number of units each customer buys.” Do you think this approach would assist in cost...

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Q: Can activity-based management be implemented without an activity-based

Can activity-based management be implemented without an activity-based costing system? Explain.

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Q: What are the three methods of allocating service department costs?

What are the three methods of allocating service department costs?

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Q: What are the five steps to follow when computing costs using a

What are the five steps to follow when computing costs using a process costing system?

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Q: Why do companies allocate costs? What are some of the advantages

Why do companies allocate costs? What are some of the advantages and disadvantages to doing so?

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