Notion of value costing

Assignment Help Accounting Basics
Reference no: EM13145805

Based on the above article and your prior readings, do you agree with the notion of value costing for the 21st Century organizations. Why or Why Not?

Also based on the above article and other readings, why types of situations may be more appropriate for application of the some of the "tried and true" costing methods of the 20th Century? Are these industry or firm specific?

Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate

Reference no: EM13145805

Questions Cloud

Define the typical volume of a car interior : A ten L Dewar containing liquid nitrogen tips over in your car while you are transporting it. If it completely vaporizes what volume of Nitrogen gas will be produced at 1 atm and 20 degrees C
How many grams of oxygen are present in compound : magnesium hydroxide is 54.87% oxygen by mass. How many grams of oxygen are in 175g of the compound ?
What might cause bundle -branch block : Explain how the normal pattern of depolarization is affected by bundle-branch block. What might cause bundle -branch block?
Describe missile technology in modern world''s importance???? : Describe missile technology in modern world's importance?????????
Notion of value costing : Based on the above article and your prior readings, do you agree with the notion of value costing for the 21st Century organizations. Why or Why Not?
What are deferral and accruals revenue cash : What are deferral and accruals revenue cash of 18,000 on august1, 2007 for one year recorded translation with credit rent revenue. What should be December 31, 2007 adjusting entry
Cognitive behavioral therapy essay : Based on critical appraisal of published evidence, how may the use of music or visual art-making within neurorehabilitation address cognitive or behavioural deficits following brain injury and/or stroke?
Explain what is the volume change : what is the volume change when 2 kg of water at 6.8 MPa and 93 Celsius expands to 1.6 bar
Find probability that box of cereal weigh less than grams : A standard deviation of 10 grams. If we select one box of cereal at random from this population, what is the probability that it will weigh less than 895 grams?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What type of backend controls are required in ais to ensure

The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.

  Discuss how statement of cash flows is used by investors

Discuss how the statement of cash flows is used by investors. If you were an investor reviewing a statement of cash flows, what section would interest you most? Why?

  Compute accounting bad debts

Determine the effect on EZ's accounting equation relative to the sale, collections, and write-offs of accounts receivable during 1007. What is the net realizable value of accounts receivable on December 31, 2007, under each assumption in part (2)?

  Determining the actual purchase price

High & Dry’s standard price for direct materials is $3.60 per unit-The actual purchase price per unit was

  What should the unit sales price be

Cara has received a special order from a foreign company for 5,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4,250 for shipping.

  Reclassification adjustment affects other comprehensive

If an available-for-sale investment is sold for which there are unrealized gains in accumulated other comprehensive income (AOCI), a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by

  Problem associated to minimum pretax return

The company requires a minimum pretax return of 15% on all investment projects. The net present value of the proposed project is closest to:

  Characteristics of victim in personal injury

What are some of the characteristics of a victim in a personal injury case that might impact the calculation of economic damages?

  Indirect costs allocation to the consumer department

Management estimates that it costs $500 to analyze and close a commerical loan. This amount has been included in the $250,000 of inderict costs. How much of the $250,000 indirect costs should be allocated to the Consumer Department?

  Gain-loss recognition on the distribution of land

John's basis in his stock is $25,000. What gain or loss will John and Bass Corporation recognize on the distribution of the land?

  Determine the basis of the property in determining the gain

Evaluate the pros and cons related to an exclusion of a $250,000 gain for a primary residence and how using this residence as rental property could impact the gain or loss determination for the homeowner taxpayer. Recommend tax planning strategies..

  Units of production for conversion costs

All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd