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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.
Methods of Cost Estimation We will consider given cost estimation methods commonly employed, namely as: a. High Low Activity method b. Engineering Analysis c. Account
Stopover industries ltd, a recently incorporated company plans to go into production next year. the following standard cost matrix has been assembled for one of the products it pro
Break-Even Calculations As they say, a picture is significance a thousand words, and this is undoubtedly true for the CVP graphic just presented. Though, everyone is not an art
explain fully the concept of the cost.how does cost accounting contribute to the effective and efficent management of an industrial established?
OVERHEAD VARIANCES Unlike labour and direct material, the manufacturing overhead is not completely variable with the level of production. So, standard costs for factory overh
FNSD analysis example
traditional budgeting systems are incremental in nature and tend to focus on cost centres..explain the weakness of the incremental budgeting system and explain ways of adressing th
Distribution and Selling Cost Budget This is the forecast of all costs incurred in distributing and selling the company's product throughout the budget period. This is closel
A statement of changes in working capital assists us in locating where such changes took place. In the first example we try to demonstrate the increase or decrease in particular it
High Bhd acquired shares in two other companies as follows: Additional information: i) Goodwill on acquisition of Swift was impaired by RM80,000 as
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