0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the difference between Actual costing and normal costing?
actual costing uses actual indirect-cost rates normal costing uses budgeted indirect-cost rates
Normal costing system?
A costing system that traces direct costs to a cost object by using the actual direct-cost rates times the actual quantities of the direct-cost inputs and that allocates indirect costs based on the budgeted indirect-cost rates times the actual quantities of the cost-allocation bases.
What are the different income tax brackets?
Tax brackets are the rates that people pay on their taxable income. The actual rates vary and can range anywhere from 10% to 35%. The tax rates vary based on factors such as marriage status.
What does a debit balance in the labor efficiency variance account indicate?
a debit balance in the labor efficiency variance account indicates that actual rate and actual hours exceed standard rates and standard hours
What are Production overheads for management accounting?
Production overheads are those indirect costs associated with producing a good or service. For example, heating, lighting, rent and electricity are not physically part of the finished product but without them, the production would not be possible. It is therefore necessary to include them in the final pricing of the product for sale to ensure you can pay your bills etc. When you "charge" these "overheads" or indirect costs to final price, the cost is then said to be "absorbed" by the product. Therefore, the rates at which to charge them is called, "the absorption rates!" Hope that helped! Dee (Cork)
What is the difference between Actual costing and normal costing?
actual costing uses actual indirect-cost rates normal costing uses budgeted indirect-cost rates
Normal costing system?
A costing system that traces direct costs to a cost object by using the actual direct-cost rates times the actual quantities of the direct-cost inputs and that allocates indirect costs based on the budgeted indirect-cost rates times the actual quantities of the cost-allocation bases.
What are the sales tax rates in Bangalore?
e of composition contractor
What is the meaning of time and material contract?
The time and materials contract is one method of pricing work. Arrangement in which a contractor is paid on the basis of (1) actual cost of direct labor, usually at specified hourly rates, (2) actual cost of materials and equipment usage, and (3) agreed upon fixed add-on to cover the contractor's overheads and profit (income).
What is the local contractor rates for decking a home?
The local contractor rates for decking a home depends on the area / location and also on the type of decking, like timber , garden, floor decking. The rates varies depending also on the type and quantity of material to be used. The rates will be labour plus the materials whcih will range from $300
How do you determine if the bank rates on a savings account are advantageous in comparison to bank fees?
To determine if the bank rates on a saving account to bank fees, you may have to check with your local bank account to determine what the rates are.
Where are some of the places that one can determine CA mortgage rates?
There are many places that can determine CA mortgage rates. Places that can determine CA mortgage rates include Zillow, Bank Rate, Lending Tree, and Quiken Loans.
What is an Item Rate Contracts?
These contracts are also known as unit-price contracts or schedule contracts. For item rate contracts, contractors are required to quote rates for individual items of work on the basis of a schedule of quantities furnished by the customer. The design and drawings are provided by the customer. The contractor bears almost no risk in these contracts, except escalation in the rates of items quoted by the contractor, as it is paid according to the actual amount of work on the basis of the per-unit price quoted.
How do crime rates relate to arrest rates and clearance rates?
Crime rates are the actual numbers at which crime occurs. Arrest rates is the number of arrests made, divided by the number of actual crimes. Clearance rates is the number of arrest cases for which charges are being laid, divided by the number of actual crimes. So the rates descend in frequency. Yes, Lazarus was the brother of Martha and Mary Magdalene and was the man that Jesus brought back to life.
How are billboard rates determine?
By what people will pay.
What is the benefit of using Google to determine average income rates?
The benefit of using Google to determine average income rates is that Google will locate various websites that makes determining average income rates extremely easy.
Why cant rates of erosion and deposition be used to determine absolute age?
They CAN be used to determine accurate absolute ages.
