If you own a shoes factory, give two examples with suitable explanation/justification of your classification choice about each of the following:   1- Discretionary cost   2- Committed cost   3- Controllable cost   4- Uncontrollable cost   5- Direct cost   6- Indirect cost

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter12: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 4SEQ: For which cost concept used in applying (he cost-plus, approach to product pricing are fixed...
icon
Related questions
Question

Give typed explanation 

If you own a shoes factory, give two examples with suitable explanation/justification of your classification choice about each of the following:

 

1- Discretionary cost

 

2- Committed cost

 

3- Controllable cost

 

4- Uncontrollable cost

 

5- Direct cost

 

6- Indirect cost  

Expert Solution
steps

Step by step

Solved in 6 steps

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub