User Account

All Pages

Which direct labour costs can be controlled

Assignment Help Managerial Accounting
Reference no: EM132650008

The three major inputs into the manufacturing process are direct materials, direct labour and manufacturing overheads. If the costs of any of these are not controlled, they may inflate the cost of manufacturing. If the selling price of the final output is determined by the market for the product and can not be increased, the profit margin will be reduced.

Required:

Question 1. Discuss three ways in which a business can ensure that direct material costs can be controlled?

Question 2. Discuss three ways in which direct labour costs can be controlled?

Question 3. Discuss four ways in which a business can ensure that overhead costs could be controlled?

Reference no: EM132650008

Questions Cloud

BIT357 Business Analysis Report Assignment : BIT357 Business Analysis Report Assignment Help and Solution - explain the key concepts of business analysis planning and monitoring
How write report for managing director of orthodontic clinic : Write a report will be accepted with no penalty for the managing director of the orthodontic clinic The report should include an overview of the expected result
Fundamentalist revolution in iran : Following the fundamentalist revolution in Iran, the new Islamic government nationalized all major companies. Among them was a razor manufacturing firm operatin
Describe 2-3 change management models : Organizations, like all cultures, must continue to evolve or they stagnate and eventually become obsolete. Using change management tools can help an organizatio
Which direct labour costs can be controlled : Discuss three ways in which a business can ensure that direct material costs can be controlled? which direct labour costs can be controlled?
International business in relation to the united states : What business magazine article published after January, 2018 addresses international business in relation to the United States?
Determine how much profit will business make for the year : Sell 115 000 units in the coming year. How much profit will the business make for the year if its estimated level of activity is accurate?
Importance of relationship building in different countries : Discuss the stages in the negotiation process and how culturally-based value systems influence these stages.
Analyze astrazeneca expatriate management practices : Surveys show that most expats report feeling the strain of managing thedemands of work and home while adjusting to the foreign environment

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Methods of analyzing financial statements

Address other methods of analyzing financial statements aside from ratio analysis and explain your analysis of the firm, and make recommendations for improvement.

  What is just-in-time inventory management

What is just-in-time inventory management? Discuss four just-in-time approaches used to reducing raw materials inventory. Provide the suitable example.

  Compute each year''s current ratio

Selected comparative financial statements of Korbin Company follow.

  What are the actual net earnings

NANOSINE Corp. produces a brand new sports drink which uses a new grinding procedure to transform natural minerals into nano particles which themselves are later on dissolved in water. What are the actual net earnings (EBIT) for the year 01 based o..

  Would be good decision to drop the sour cream product line

Would it be a good decision to drop the sour cream product line? Keith Smoothies has 4 product lines: sour cream, ice cream, yogurt

  Compute the break-even sales under the proposed program

Compute the break-even sales (units) under the proposed program for the following year. Enter the final answers rounded to the nearest whole number.

  Find and calculate direct material price and usage variance

Calculate the Direct material price variance, Direct material usage variance, Direct labor rate variance and Direct labor efficiency variance.

  Find and calculate the cost of goods sold account

Find and calculate the cost of goods sold account. Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period.

  Compute the excess present value index for each project

Compute the cash payback period, the ARR, and the NPV of each project. Compute the excess present value index for each project.

  What would divide each of the income statement line items

If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by

  Professionalism and ethics in accounting

Professionalism and ethics in accounting and the history of accounting

  Determine the amount of overhead cost

Determine the amount of overhead cost that would be assigned to each product using activity-based costing. Calculate activity rates for each activity cost pool

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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