Solution-What assumption is implicitly made about cost

What assumption is implicitly made about cost behavior

Reference no: EM13893741

1. What does a flexible budget performance report do that a simple comparison of budgeted to actual results does not do?

2. How does a flexible budget based on two cost drivers differ from a flexible budget based on a single cost driver?

3. What assumption is implicitly made about cost behavior when a static planning budget is directly compared to actual results? Why is this assumption questionable?

4. What assumption is implicitly made about cost behavior when all of the items in a static planning budget are adjusted in proportion to a change in activity? Why is this assumption questionable?

Reference no: EM13893741

Questions Cloud

Analyze the accounting equation for each transaction : Zen began a new consulting firm on January 5.

Describe the market structure : Describe the market structure when iPad was introduced. In theory, how did Apple decide how much to produce and what price to charge? Describe in a simple framework, either graphically or in equations.

Pedigree chart draw pedigree according to standard format : Pedigree Chart Draw the pedigree according to the standard format. Identification Identify each individual in the pedigree with a number.

Assets, liabilities, and equity of trista''s boutique : Write short descriptions of the probable nature of eachtransaction.

What assumption is implicitly made about cost behavior : What assumption is implicitly made about cost behavior when all of the items in a static planning budget are adjusted in proportion to a change in activity? Why is this assumption questionable?

What exactly are smad transcription factors : What exactly are SMAD transcription factors and how do they regulate transcription? (can you please outline their involvement in the pathway in a simply manner which I can then use as a basis for my essay.

Are there any special concerns this mother should consider : What blood type(s) can a child born to a mother with B- blood type and a father with A+ blood type have? Explain your answer fully. Be sure to focus on the concepts of dominant and recessive alleles, multiple alleles, and codominance in your expla..

What is an activity variance and what does it mean : What is an activity variance and what does it mean? What is a revenue variance and what does it mean? What is a spending variance and what does it mean?

Prepare an october income statement for the business. : On October 1, Keisha King organized Real Answers, a new consulting firm; on October 3, the owner contributed $84,000 cash. On October 31, the company's records show the following items and amounts.

User Account

All Pages

What assumption is implicitly made about cost behavior

Reference no: EM13893741

Reference no: EM13893741

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT