Actual costing - Guides d'étude, Notes de cours & Résumés

MAC3701 Assignment 1 Semester 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on 079 811 9845 . QUESTION 1 Which one of the following is not a characteristic of activity-based-costing (��ABC”) system? A. Because of the extensive number of cost drivers that must be identified and measured, this costing system can be prohibitively expensive to implement and operate. B. The allocation basis is referred to as ‘cost driver’, as a cause-and-effec...

MAC3701 Assignment 2 Semester 2 2023 (Answers) QUESTION 1 (100 Marks) EnerFizzCo Drinks Ltd (“EnerFizzCo”), situated in Dersley in the Gauteng Province, is one of the leading energy drink and effervescent tablet manufacturers in the East rand operating in a fiercely competitive market. The company operates two divisions namely the Drink division (DrinkD) and the Tablet division (TabletD). EnerFizzCo’s head office makes all the long-term borrowings decisions and allocates corpor...

4.1 -- Explain the Types of Costing Systems 3 choices when making a costing system: 1) The Cost Accumulation Method - Job Costing or Process Costing 2) The Cost Measurement Method - Actual, Normal, or Standard Costing 3) The Overhead Application Method - Volume-Based or Activity-Based Ex. a firm could choose job, normal, and activity-based. 4.2 -- Explain the Strategic Role of Costing 4.3 -- Explain the Flow of Costs in a Job Costing System 4.4 -- Expla...

Managerial Accounting, 16e (Garrison) Appendix 2A Activity-Based Absorption Costing 1) Feauto Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, I63E and E76I, about which it has provided the following data: Direct materials per unit $ 19.90 $ 54.40 Direct labor per unit $ 12.00 $ 31.50 Direct labor-hours per un...

Michigan Life and Health Final Exam Actual Questions and Answers 100% Correct What amount will be paid under a policy where the insured misstated his/her age? ANS-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days ANS-30 days which of these is considered to be a Living benefit option in a life insurance policy ANS-Accelerated death benefit loans o...

AQA A-level ACCOUNTING 7127/2 Paper 2 Accounting for analysis and decision-making Version: 1.0 Final *jun* IB/G/Jun23/E13 7127/2 A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making Tuesday 6 June 2023 Morning Time allowed: 3 hours Materials For this paper you must have: • a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions i...

WGU D101 PA REVIEW WITH ANSWERS AND FORMULAS LATEST 2024 UPDATE 100% VERIFIED AND GRADED A+ WGU D101 PA REVIEW WITH ANSWERS AND FORMULAS LATEST 2024 UPDATE 100% VERIFIED AND GRADED A+ 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and ...

WGU C213 FINAL EXAM(QUESTIONS AND ANSWERS) 2023/2024 Order of assets listed on the balance sheet - CORRECT ANSWER-Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets...

MAC2601 Principles of Management Accounting 100 Marks Duration 2 Hours This paper consists of twelve (12) pages (including this page). Instructions: 1. This paper consists of FIVE (5) questions and all five questions must be answered. 2. Each question attempted, must commence on a new (separate) page. 3. You may answer the questions in any order, but each answer must be numbered exactly the same as the corresponding question. 4. For questions 1 – 4, all calculations must be show...

IAAO 300: Complete Course Review Questions and Answers 100% Pass What is the main difference between single property appraisal and mass appraisal? 1. Group vs Particular 2. Mass Appraisal emphasizes standardized and statistical quality control features In the Appraisal Process, "Define the valuation problem" does not include which of the following: a. Define the Value to be developed b. Identify limiting conditions or limitations c. Date of the value d. Competitive properties e. Identify...