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Q: Why is it important to consider the relationships amongcost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: The standards for direct materials are made up of which of the following components?

A: The pricing standard and quantity standard are the elements of direct material variances. Direct…

Q: Problem 3-7 Profitability Ratios (LG3-4) Maggie's Skunk Removal Corp.'s 2021 income Statement listed…

A: Gross Profit Margin :— It is calculated by dividing gross profit by net sales.    Operating Profit…

Q: The cost of goods manufactured includes: Applied direct or indirect materials, but not actual…

A: Calculating a corporation's entire manufacturing expenses throughout a particular period of time…

Q: aw materlais be conv Anua niently and directly traced to the finished product are classified as…

A: Raw materials that can be conveniently and directly associated with a finished product are called…

Q: since glue is not generally the main final product, it becomes an indirect material. Indirect…

A: Solution: Manufacturing overheads are indirect manufacturing costs that indirectly related to…

Q: Why is materials inspection a prevention costs rather than an appraisal costs?

A: Lets understand the basics. Cost incurred in order to minimize or avoid the defect at the production…

Q: Which of the following would NOT be considered an activity for the purposes of an activity-based…

A: Introduction: Activity based costing: Its also called As ABC method. According to the Actual…

Q: When is slicing and dicing a suitable OLAP tool? Give an example.

A: Here Is The Answer

Q: Why costing procedure is different for spoiled or defective material?

A: Spoilage means loss occurred during the production. It occurs due to sub-standard material,…

Q: xplain How Each Stage Of Logisti ected By The Microchip Shortage

A: In the time of COVID. The culprit is a worldwiide shortage of computer chips. This latest…

Q: Which of the following descriptions is notcorrect?a. The routing sheet shows the manufacturingpath…

A: Production cost comprises of total costs that are incurred in the process of bringing a product to…

Q: Which of these are factory overhead

A: Factory overhead includes:     Rent cost on factory equipment     Factory utilities…

Q: Both direct materials and Indirect materials are ordinarily easily traced to the product. TRUE FALSE

A: Direct material are those material that can be traced or allocated to any specific product. For…

Q: The standards for direct materials are made up of which of the following components? a.variance…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Which of the following is the best example of a product-level activity? Select one: O a. Painting a…

A: Product-level-activity: These activities are done related to specific products irrespective of how…

Q: Change in direct materials cost per equivalent unit

A: The cost per equivalent unit for the material is based on the equivalent units for material and the…

Q: Explain the following concepts: indirect materials Mixed cost Budgeting Margin of safety

A: The total manufacturing cost of the product is determined by including the direct material, labor,…

Q: Meaning of manufacturing and explain, thank you

A: Manufacturing and Retailing are two activities which are done in an organisation. Manufacturing…

Q: What is the standard variable overhead rate and standard fixed overhead rate?

A: The overhead rate is calculated by dividing total indirect costs (also known as overhead) for a…

Q: Distinguish between the product-costing and control purposes of standardcosts for factory…

A: Standard Costing: Standard costing is an accounting tool which is used to measure the variances in…

Q: all items of material such as glue and nai ly or conveniently traced to the product are indirect…

A: Product costs are costs which are incurred in the factory for manufacturing a product. This includes…

Q: Which of the following is not a characteristic of a process costing system? Multiple Choice…

A: Cost accounting is one of useful branch of accounting, under which all type of costs and expenses…

Q: ?Which one of the following is an organization sustaining activity Packaging of units a O None of…

A: Introduction:- Organization sustaining activities are those activities which maintains the operation…

Q: Direct materials used and Direct labor cost  are incorrect

A: Direct consists of Direct labor, Direct Material. While applied manufacturing overhead is an…

Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Nonunit-level drivers are prominent in activity-based coting systems. Which of the following is…

A: Activity-based costing appears to be a method of more correctly allocating overhead expenditures by…

Q: Different between raw materials, work in process and finished goods inventories

A: A manufacturing company generally have three types of inventories in its stock: Raw Materials Work…

Q: Differentiate between spoiled and defective material, why costing procedure is different for both?

A: A defective good is a good in which there is a manufacturing fault or defect, but this fault can be…

Q: n fixed overhead applied to work in process 3600

A: Standard fixed overhead applied is the standard direct hours available into standard fixed overhead…

Q: Differences between fixed overhead and fixed cost. Like if im running a resturants, give me a…

A: Fixed Overhead  Fixed overhead refers to the indirect costs or expenses that remain relatively…

Q: Blocked suction cylinder unloading is accomplished by

A: Blocked suction cylinder unloading is accomplished by

Q: what are the two main factors that give to over/under absorption of overhead ?

A: When overheads are absorbed in a rate depending on actual data, the absorbed overhead should be…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.