"Opportunity costs" and "sunk costs" are specific terminology in management accounting. Differentiate with examples.Explain variable costs, fixed costs, and mixed costs.Provide examples of how to apply (Cost-Volume-Profit) CVP for activity-based costing.Identify the term being descr...
Actual cost Explain the difference between absorption costing and variable costing. Give examples of each. Identify a variable cost you or someone you know incurs. Explain why it is classified as a variable cost. Identify each of the following cos...
Enter an N if you wish not to include products in route. Negative Replacement Use Code Enter the Item Pool code to indicate which costing method to use. 8.1.1 Processing Options See Section 14.4, "Valuation Method Master (P3902)."Previous...
In certain situations, one of the rows can be assigned as a default value in the mapping set. This can be used in cases where it's not possible to define all the values. When defining a row as default, enter the output value and select the Set Default button. it's not required to ...
Activation Cost paid only once at the time of contact information, and you can enter the amount of Activation Cost for the Vehicle. After that, enter Depreciation Cost frequency for vehicle contract in Daily, weekly, Monthly and more aspects. Also, enter the Depreciation Cost along with these ...
Cost-Volume-Profit Analysis CVP analysis assists managers in finding out the level of output at which cost and revenue are equal. It is a ‘no profit – no loss’ situation known as the breakeven point. Other Accounting Tools Most of the cost accounting techniques are used by management acco...
The main aim of using FTE is to calculate the cost related to the time, money, and personnel of the project or activity. It contributes to project management and resource management for staffing decisions. Thus it is a very important costing term used by organizations to determine the number ...
Log In Sign Up Subjects Business Accounting Activity-based costing Define or describe the following term: Operating leverage.Question:Define or describe the following term: Operating leverage.Cost Accounting:Cost accounting's primary goal is to provide managers with accurate and pertinent information...
Briefly discuss the meaning and significance of each of the following terms: a) Benchmarking b) Activity-based costing Define or describe the following term: Breakeven point. Explain present value, future value, and opportunity cost, giving an example of each concept. What is the...
What are factors to be considered in estimating the useful life of an intangible asset? What are life-cycle costs and why might they be important? If there no useful life time in intangible assets, how we amortize? Is it possible? What is the purpose and usefulness of job-order costing?