Avoidable cost Study guides, Class notes & Summaries

MAS REVIEWER WITH COMPLETE SOLUTION 2023 The term "committed costs" refers to costs that A. Are likely to respond to the amount of attention devoted to them by a specified manager B. Are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity C. Fluctuate in total in response to small changes in the rate of utilization of capacity D. Management decides to inc...

Accounting 526 Final Exam 2024 Questions & Answers(Rated A+) focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the pas...

FAR Mock Exam 1 & 2 Questions & Answers 2023/2024 Disclosure of vulerability due to Identified concentrations - ANSWER-Only needs to be disclosed when: C's exist at BS date C's make entity vulnerable in near-term Reasonably possible severe impact CFO reporting - ANSWER-required of segments reportable Avoidable interest - ANSWER-The potential amount to be capitalized for construction debt (total expenditures / 2(if evenly spread through year)) x interest rate Compare with tota...

GFEBS L230E Cost Management Process Overview 100% Solved Direct Cost - Answer ️️ -A cost such as labor, materials, or supplies that can be traced directly to producing a specific output of an organization, product, and service Indirect Cost - Answer ️️ -A cost that cannot be traced directly to a specific organization, product, and/or service output They often are allocated on a predetermined basis and generally are synonymous with overhead costs such as general and administrative e...

Chapter 13 Relevant Costs for Decision Making 652 Garrison, Managerial Accounting, 12th Edition True/False Questions 1. Fixed costs are sunk costs and are therefore irrelevant in decisions. Answer: False Level: Easy LO: 1 2. A complete income statement must be prepared as part of a differential cost analysis. Answer: False Level: Medium LO: 1 3. Future costs that do not differ between the alternatives in a decision are avoidable costs. Answer: False Level: Medium LO: 1 4. The book ...

FOOD MANAGER CERTIFICATION EXAM REVIEW 2024 Table of Contents - ANS-Before You Begin Food Safety Introduction Be Clean, Be Healthy Keep it Cold, Keep it Hot Don't Cross Contaminate Wash, Rinse, & Sanitize Cook It & Chill It General Food Safety Equipment Selection & Maintenance Terminology Before You Begin Study Guide: About This Guide - ANS-This breakout guide is designed to supplement the Food Safety eLearning module and help prepare you for certification. Here, we'll cover speci...

NUR 1290 Exam 2 Questions With Answers Latest 2024/2025 100% Correct (Graded A+) Quality - ANSWER Meeting expectations in the delivery of clinically effective, efficient and affordable health care services Sentinel Event - ANSWER -Unexpected occurrence involving serious injury or death -Different than medical error EX) patient committing suicide when admitted for diabetes Main cause of sentinel events - ANSWER COMMUNICATION Quality Assurance - ANSWER Provision of services that meet an app...

focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the past and are not relevant to a decision - ANSWERSSunk Cost the b...

Summary GFEBS L230E Cost Management Process Overview Complete Solutions Direct Cost A cost such as labor, materials, or supplies that can be traced directly to producing a specific output of an organization, product, and service Indirect Cost A cost that cannot be traced directly to a specific organization, product, and/or service output They often are allocated on a predetermined basis and generally are synonymous with overhead costs such as general and administrative expenses. Funded Co...

focuses on the effect of alternative courses of action on the relevant revenues and costs - correct answer Incremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - correct answer Relevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - correct answer Relevant Cost cost that have been incurred in the past and are not relevant to a decision - c...