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. Which of the following is a reason why traditional product costing techniques have become obsolete in a lean operating environment?a. More complex accounting is required in a lean operating environment.b. Computerized processes and systems under lean enable direct tracing of many costs.c. Automation has not significantly replaced direct labor hours with machine hours.d. Lean operations have not changed many of the cost patterns associated with traditional manufacturing.e. All of the above apply.
how does idle capacity effect cost behavior patterns and factory overhead application methods
Describe the meaning of the fixed production overhead variances calculated under the standard absorption costing system and talk about their usefulness to the management of X Ltd.
what is Taylor''s differential piece rate plan
Definition of Variance Analysis Variance analysis can merely be defined like the process of analyzing the difference between the actual cost and the standard cost this variati
Ask What is the major value of the weighted cost of capital calculation for the firm? question #Minimum 100 words accepted#
The credit term from the supplier is 2/30, net 60. Requirements: Write the calculation Determine the effective annual rate if the firm does not take the discount.
A firm operates two plants with the marginal cost curves given by MC 1 = 50 + 2Q 1 , MC 2 = 90 + Q 2 . If the firm's total output must be 80 units, how much will it produce a
G. Mills was appointed a local agent for the High Power Mobile Workshop Bolt (HPMW-B) on 1 April 2009. The HPMW-B is manufactured by Mobile Equipment Ltd (MEL). The company charges
Describe the meaning and relevance of interdependence of variances when reporting to managers.
On January 1, 2013, VKI Corporation awarded 12 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. On the gr
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