Cost pools Study guides, Study notes & Summaries

Risk Management Exam #2 (2024) || All Questions & Answers (Graded A+) Risk Management Exam #2 (2024) || All Questions & Answers (Graded A+) Loss Matrix - ANSWER - Decision-making tool. Table with 3 RM options (Retention, Retention + Safety, Full insurance) Expected cost of each option - ANSWER - Probability * Loss $= 2 types of costs - ANSWER - Monetary cost (P*) and Non-monetary cost (WV) AFP - ANSWER - Insurers expected loss Pmax - ANSWER - The maximum premium a person is will ...

NEW!!! CLC 056| CLC 056 Defense Acquisition University CLC (7 sets for the final exams) Complete questions and answers Here is your test result.The dots represent the choices you have made. The highlighted questions are the questions you have missed. Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. 1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on ...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...

Activity based costing Similar to absorption costing but is more detailed version - allocates overheads to cost pools before absorbing them using cost drivers Cost pool Activity that consumes resources and for which overhead costs are identified and allocated Cost driver Unit of activity that consumes resources ABC calculations method 1. Identify activities 2. Estimate cost pools 3. Identify cost drivers and volume of cost drivers 4. Calculate cost driver rate 5. Charge overheads to...

Test Bank For Accounting Principles 14th Edition By Jerry J. Weygandt, Paul D. Kimmel lOMoAR cPSD| Test Bank For Managerial Accounting Tools For Business Decision Making 7th Edition Jerry J Structure aanalysis 1 (Middle East University Jordan) lOMoAR cPSD| Test Bank For Managerial Accounting: Tools For Business Decision Making, 7 th Edition By Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso Solutions Manual, Instructor' s Manual, Answer key for all chapters, Oth...

An opinion of value - ANSWER The appraised value of a property is: assessed value - ANSWER the amount that your local government determines your property to be worth for tax purposes subject property - ANSWER The property that is being appraised. ad valorem - ANSWER according to value Principle of Conformity - ANSWER Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) - ANSWER Standards ...

Managerial Accounting, 16e (Garrison) Appendix 2A Activity-Based Absorption Costing 1) Feauto Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, I63E and E76I, about which it has provided the following data: Direct materials per unit $ 19.90 $ 54.40 Direct labor per unit $ 12.00 $ 31.50 Direct labor-hours per un...

ACC 202 Final Exam - Questions and Answers ABC systems create ________. A) one large cost pool B) homogeneous activity-related cost pools C) activity-cost pools with a broad focus D) activity-cost pools containing many direct costs Activity based costing system differs from traditional costing systems in the treatment of ________. A) direct labor costs B) direct material costs C) prime costs D) indirect costs The fundamental cost objects of ABC are ________. A) activities B) cost drivers C) pr...

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers-1) Which of the following must be true to properly classify a cost as an “other direct cost”? [Recognize concerns that affect the other direct costs proposed] All of these The proposed cost benefits only the proposed contract work The offeror customarily treats similar costs as “other direct costs” under similar circumstances The contractor’s accounting s...

CPA correct answer: cost per action CPC correct answer: Cost per click CPM correct answer: Cost per thousand CPUV correct answer: Cost per unique visitior CTR correct answer: Click thru rate CPS correct answer: Cost per Sale eCPM correct answer: effective Cost Per Thousand A company that owns agencies and other types of marketing, media and advertising companies correct answer: Holding Company An online marketplace platform that facilitates automated auction based...