Explain briefly why each activity has value added or non-value added.  Activity Classification a. Inventory control - Non-value-added b. Purchasing - Non-value-added c. Receiving - Non-value-added d. Employee training - Non-value-added e. Machine setups - Non-value-added f. Brewing - Value-added g. Packing and shipping - Value-added

Q: The value chain is the sequence of business functions in which A. value is deducted from the…

A: The value chain refers to the sequence of business functions in which value is added to products or…

Q: It is the collection of cost data in some way through an accounting system O A. Cost allocation B.…

A: Cost accumulation includes the usage of a formal cost accounting structure or system to gather and…

Q: Please explain with examples briefly benefits of accounting system for manual cost accounting?

A: Cost accounting: It is a branch of managerial accounting that focuses on calculation of total cost…

Q: Cost assignment and cost accumulation are the two cost accounting system processes that helps…

A: Costing is the method of recording, all cost incurred in process of completing product project and…

Q: 1- Give four examples of an industry where production and consumption are separable

A: Manufacturing Industries refer to those industries which transform raw material or semi-finished…

Q: Briefly explain the financial and/or managerial decisions that are made from creating a sales order…

A: Creating a sales order and a payment receipt are two critical documents in any business. The sales…

Q: The following is a list of terms related to managerial accounting practices. 1.   Activity-based…

A: Definition: Managerial accounting: Managerial accounting is a system, or a process of collecting and…

Q: Standard cost systems facilitate the management practice known as  A) management development. B)…

A: Management development is a  process of development of the individuals by providing them training…

Q: c.elimination of waste.

A: The right answer is d. All of these choices are correct.

Q: Which of the following best describes the activities of the production function?a. maintenance,…

A:

Q: Managers in which of the following responsibility centers are held responsible forprofits? (You may…

A: C. Profit centers is the answer

Q: All of the following are examples of managerial accounting activities except ________. A. preparing…

A:

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: b. Square footage of the departmentThe amount of space that each department uses determines a lot of…

Q: Sales price Variable cost per unit Direct labor hours per unit Demand (units) Required: Product A $…

A: The contribution margin per scarce resource is determined to find the optimal mix of production. The…

Q: Match each of the numbered descriptions with the principle, component, or descriptor that it best…

A: Given below are the terms indicated with the meaning:

Q: b. Classification of costs may be based on the information needs of management and their nature.…

A: Introduction: The term cost in accounting refers to the monetary worth of expenditures for natural…

Q: 6. Which of the following is a value-added activity? Group of answer choices Engineering design.…

A: Value-added activities are those activity that helps to enhance the quality of product or services.

Q: For each cost pool, identify an appropriate cost driver. a. order department b. accounts…

A: Cost Driver: The direct reason for a cost is referred to as a cost driver. Fixed expenses do not…

Q: 36-Placing of a purchase order, setting up of a machine, after sales service, etc. are the examples…

A: Cost Centers are departments within the organization that does not contribute directly to the profit…

Q: Identify whether each of the following costs should be classified as product costs or period costs.…

A: Product Costs : Product Costs means the direct costs incurred for production of a product. Product…

Q: The branch of accounting that deals with evaluating the cost of products is called: O a. Financial…

A: The branch of accounting that deals with the cost of products is used to ascertain and allocate the…

Q: From the following list of Value Chain activities, identify the order in which these activiites…

A: The value chain activities consists of the steps that are incurred in order to deliver a valuable…

Q: With the aid of relevant examples ,explainthe following management accounting concepts A.theory of…

A: Answer:- Management accounting meaning:- Accounting techniques such as managerial accounting, also…

Q: nitng information fulfills the following purposes. Give an example of situation of profit…

A: Management accounting is also known as management-oriented accounting. Essentially, it is the study…

Q: Explain why each activity has value added or non-value added.  Activity Classification a. Inventory…

A: Value Added Activities are the activities done to provide benefits to the customers. These are the…

Q: Describe the concept of management by exception and explain how standard costs help managers apply…

A:

Q: Discuss the difficulties associated with manual cost accounting and how the organization may improve…

A: Various difficulties associated with manual cost accounting system are as under : a.) Manual entry…

Q: Preparation of service manual by an electronic manufacturer is an example of A. Unit level activity…

A: In Activity-based costing (ABC) there are mainly four types of activity levels. They are: Unit-level…

Q: What is Customer Support Services in functions of marketing? A. The first impressions your produc B.…

A: Customer Support Services, as part of the functions of marketing, involve the provision of…

Q: compare service concern from merchandising business as a far as the manner of generating income and…

A: Different types of business organizations includes manufacturing business, service business, and…

Q: Explain the meaning of customer value. How is focusing accounting? on customer value changing…

A: Customer Value: Customer value is the ratio between the supposed benefits of customer and the…

Q: Value chain classifications Match each of the following cost items with the value chain business…

A: Value Chain Analysis is an inbound logistics that includes a range of activities like receiving,…

Q: Google aims to give its managers timely cost reports. In responsibility accounting, who receives…

A: Every person is responsible to control the cost of this department, is responsible for reporting to…

Q: The purpose of costing are as follows EXCEPT: a) Value inventory b) Record costs c) Price products…

A: The purpose of costing is. 1. To Formulate cost of a product 2.  To facilitate decision making 3. To…

Q: The two dimensions of managerial accounting are:

A: Management accounting provides such financial information and resources for management and investors…

Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…

Q: b.Cost control and reduction

A: Answer 20 Select which of the following requires a separate measurement of cost. D:- Volume   Answer…

Q: Which of the following are features of lean manufacturing? Yes or NO a. Maintaining excess…

A: Lean manufacturing is one of the principles used by the manufacturer in order to cut the cost or to…

Q: Management accounting information typically includes Select one: a. D) All of these answers are…

A: Management accounting, also known as  directorial account, is a branch of account that focuses on…

Q: Which of the following is usually included in a business plan? a) Detailed description of the…

A: Business plan is a written documents which contains goal and objectives of the company to achieve.