Would the pandemic and shortages could cause some companies to decide to use a different method of costing? If so, why and what method would they use?

Q: Argus Company anticipates that other sales will be affected by the acceptance of a special order.…

A: Special order decisions are one of important type of decisions being made in business. Under this,…

Q: When units produced are less than units sold, how does operating income differ between variable…

A: Absorption Costing: "Absorption costing is a method that allocates "direct labor, direct materials,…

Q: Which of the following is not a consideration when a manager is deciding to discontinue a product or…

A: The management can take decision to discontinue the product or product line in case, its leading to…

Q: When should a company use absorption costing when setting sales prices? When should it use variable…

A: Variable Costing: "Variable costing is a method that allocates only variable manufacturing costs to…

Q: Why do firms not have sunk costs over time? How should managers approach sunk costs when deciding…

A: Answer:-  Sunk cost meaning:- Money which has been already spent and cannot be recouped is known as…

Q: Do you think that the pandemic and shortages could cause some companies to decide to use a different…

A: The costing methods are the methods that are used by companies to determine the total cost incurred…

Q: When might it be beneficial for a company to use the FIFO method? When is the weighted-average…

A: Explain the benefits of using the FIFO method and the weighted average method.

Q: If the units produced exceed the units sold, which method would you expect to show the higher net…

A: Variable Costing: Variable Costing takes into account only variable manufacturing costs for…

Q: If Account Based Costing (ABC) is so great, why do such a small percentage of companies use it? Why…

A: Activity based costing is a type of Costing in which the overhead or the indirect cost are…

Q: Which of the following statements is not correct? Multiple Choice   Price discrimination is the…

A: The objective of the question is to identify the incorrect statement among the given options related…

Q: What are the arguments for and against "backflush" costing?

A: Arguments for and against Backflush costing: Backflush costing system is that the method of…

Q: Which of the following is NOT a factor to be considered in a make or buy decision? O the…

A: The correct answer is the fact that fixed factory overhead will not change. This is because in a…

Q: Why is it appropriate to use variable costing when planning production in the short term?

A: Variable Cost: The cost which is not fixed is called as variable cost. This cost is directly…

Q: Why do proponents of variable costing prefer variable costing when making pricing decisions?

A: Definition:   Variable costing: It refers to the method of product costing in which the price of the…

Q: What is a possible break-even analysis scenario in the resturant industry?

A: Break-Even Point (BEP)- The calculation of Break-even is a common business practice to be informed…

Q: Need Solution with Calculation of this Question pls. Provide

A: Approach to solving the question: Detailed explanation: Variable Costing and the Contribution…

Q: 1. Which of the following is a disadvantage of the Variable Costing method? A. The data available…

A: A cost accounting technique known as "variable costing" treats fixed manufacturing costs as period…

Q: Would an increase in variable costs per unit cause a company’s break-even point to increase or…

A: The Breakeven point is that level of sales at which Contribution is equal to Fixed cost. In orher…

Q: Is there any way to show high net operating income without increasing sales under the absorption…

A: A method of costing that involves consideration of all the manufacturing costs for calculation of…

Q: lease identify what types of companies would use market-based pricing versus what type of companies…

A: Market-based pricing refers to the pricing strategy that is based on the market environment.…

Q: decrease in variable cost

A: Break even point is the level of sales at which an entity begins to generate profit. Break even…

Q: Which TWO of the following statements about life-cycle costing are true? Specific product models…

A: Life cycle costing is a technique of cost accumulation of a product over its life cycle. Now these…

Q: Give an example of how, under absorption costing, operating income could fall even though the unit…

A: Definition:   Absorption Costing: The absorption costing is a method used to allocate the fixed…

Q: Samsung must confront sunk costs. Why are sunk costs irrelevant in deciding whether to sell a…

A:

Q: Monopolists sometimes practice price discrimination to O a. get rid of surplus product. O b,…

A: Correct answer:Option d:Increase profit

Q: Why do product-costing systems based on a single, volume-based cost driver tend to over-cost…

A: Single volume-based cost driver means the basis of allocation of costs to particular products using…

Q: None

A: Definition of Marginal CostMarginal Cost (MC) is the additional cost incurred by producing one more…

Q: Does your current/future company price discriminate? Explain how the practice works (direct or…

A: Price discrimination is a market strategy in which the vendor charges varying prices for the same…

Q: Which of the following is not a potential advantage of variable costing relative absorption costing?…

A: Cost volume profit analysis is calculated by dividing the fixed cost by the unit contribution…

Q: Which one of the following statement is not correct? O Both fixed and variable costs influence…

A: The incorrect statement is "opoortunity costs are only considered when resources are limited" This…