managerial accounting 16th ed textbook solutions manual chapter 01
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managerial accounting 16th ed textbook solutions manual chapter 01
Chapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 direột labor, and manufacturingtypes of lufacturingdirect labor, and manufacturing overhead.45293a.Direct materials are an Integral part of a finished product and their costs can be conveniently traced to it.b.Indirect materials are generally small Items of material such as glue and nails. They may managerial accounting 16th ed textbook solutions manual chapter 01 be an integral part of a finished product but their costs can be traced to the product only at great cost or inconvenience.c.Direct labor consists ofmanagerial accounting 16th ed textbook solutions manual chapter 01
labor costs that can be easily traced to particular products. Direct labor is also called "touch labor."d.Indirect labor consists of the labor costs Chapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 re incurred to support production, but the workers involved do not directly work on the product.e.Manufacturing overhead includes all manufacturing costs except direct materials and direct labor. Consequently, manufacturing overhead includes indirect materials and indirect labor as well as other man managerial accounting 16th ed textbook solutions manual chapter 01 ufacturing costs.that is taken directly to the income statement as an expense in the period in which it is incurred.1-3 A product cost is any cost invmanagerial accounting 16th ed textbook solutions manual chapter 01
olved in purchasing or manufacturing goods In the case of manufactured .goods, these costs consist of direct materials, direct labor and manufacturingChapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 harge on olUUOCU.CODownloaded by Pham Quang Huy (etxx>K4you oniine@gmaii com)45295a.Variable cost: The variable cost per unit is constant, bụt total _ variable cost changes in direct proportion to changes in volume.b.Fixed cost; The total fixed cost is constant within the relevant range. The average managerial accounting 16th ed textbook solutions manual chapter 01 fixed cost per unit varies inversely with changes in volume.c.Mixed cost: A mixed cost contains both variable and fixed cost elements.a.Unit fixed comanagerial accounting 16th ed textbook solutions manual chapter 01
sts decrease as the activity level increases.b.Unit variable costs remain constant as the activity level increases.c.Total fixed costs remain constantChapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 in which costs change in response to changes in a measure of activity such as sales volume, production volume, or orders processed..b.Relevant range: The relevant range is the range of activity within which assumptions about variable and fixed cost behavior are valid.1-7 An activity base is a measu managerial accounting 16th ed textbook solutions manual chapter 01 re of whatever causes the incurrence of ạ variable cost. Examples of activity bases include units produced, units sold, letters typed, beds in a hospimanagerial accounting 16th ed textbook solutions manual chapter 01
tal, meals seized in a cafe, service calls made, etc.1-8 The linear assumption is . reasonably valid providing that thecost formula is used only withiChapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 agement to spend on certain fixed cost items, such as ẫ advertising, research, and management development. A committed fixed cost has a long planning horizon—generally many years. Such costs relate to a. company's investment in facilities, equipment, and basic organization. Once such costs have been managerial accounting 16th ed textbook solutions manual chapter 01 incurred, they are "locked in" for many years.1-10 Yes. As the anticipated level of activity changes, the level of fixed costs needed to support opermanagerial accounting 16th ed textbook solutions manual chapter 01
ations may also chahge. Most fixed costs are adjusted upward and downward in large steps, rather than being absolutely fixed at one level for ail rangChapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials, managerial accounting 16th ed textbook solutions manual chapter 01 u ortine@gmaii com)Chapter 1Managerial Accounting and Cost ConceptsQuestions1-1, The three major types of product costs in a manufacturing company are direct materials,Gọi ngay
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