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Why use static variable in programming language?
For C programming, the use of a static variable has two uses: One reason is to hide the variable from other modules. The scope of the static variable is limited to the compilation unit that it is described in. The second use of a static variable is to keep the value of the variable intact through the entire program execution unit.
What are the pros and cons of using a variable product costing reporting system with a JIT inventory system?
Please visit these Web sites for detailed information regarding variable product costing and JIT inventory systems: * http://www.smccd.net/accounts/nurre/online/chtr7.html * http://www.maaw.info/5partsofcostsystem.htm
Describe the differences between local and module-level variables?
local Variable A Local variable is a variable whose scope is limited to the Block of the Subroutine defining it. Private Sub Command1_Click Dim a as integer End Sub Module Level Variable A Module Level variable is a variable whose scope is limited to the Form Module defining it. Public Sub Command1_Click Dim a as integer End Sub Global Level Variable A Global Level variable is a variable whose scope can be limited to the entire project defining it. Private Sub Classjnitialize () Dim a As Integer End Sub
What is a select case statement used for in programming?
In programming, select case statement is a way to test the inside of a variable. It is used when one knows there is a limited number of things that can be in the variable.
The int data type requires more memory than the double data type?
No, the int variable uses less memory, and therefore it is preferable to use an int rather than a double where you can.A boolean variable uses even less memory, but obviously is useful only in limited circumstances.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
What costing method considers variable factory overhead a product cost?
variable costing
What is another name for variable costing?
'''Direct Costing'''
What are the differences between Absorption Costing and Variable Costing?
VARIABLE COSTING VERSUS ABSORPTION COSTINGAbsorption costing applies all manufacturing overhead to production costs while they flow through Work-in-Process Inventory, Finished-Goods Inventory and expenses on the income statement while Variable Costing only applies variable manufacturing overhead.Fixed manufacturing overhead is expensed immediately as it is incurred under variable costing while it is inventoried until the accounting period during which the manufactured goods are sold under absorption costing.
How do variable costing and absorption costing differ?
marginal costing is also known as contribution costing. its a costing method that's includes only a variable cost of a product no attempt is made to allocate or appropriate fixed costs to cost centers. the setting of prices is basically based on the variable costs of making a product. if the prices are set above this unit cost then each item sold will make a condition to fixed costs. on the other hand absorption costing or full costing is an approach to the costing of products that allocated all costs of production to cost centers. The aim is to ensure that all business costs are covered.
Variable costing income is a function of?
sales
Why GAAP precludes use of variable costing for external financial reports?
GAAP does NOT preclude use of variable costing for external financial reports. The only place the literature addresses this question is in ARB (Accounting Research Bulletin #4) which states that the exclusion of all overhead from inventory is unacceptable. Variable costing does not attempt to exclude overhead associated with the production of product, i.e. variable overhead. But it does exclude the cost of providing productive capacity. It is odd that in its discussion of the current standard for segment reporting that the FASB said that external users of financial information should received data prepared on a basis consistent with that used by management for decision making. Since it is widely accepted that variable costing is useful to management, can this statement by the FASB be consider an endorsement of variable costing in the financial statements of companies which use it internally?
DO Many companies use variable costing for internal reporting to reduce the undesirable incentive to build up inventories?
T
What is a potential advantage of variable costing relative to absorption costing?
In absorption costing, you would apply fixed overhead costs for your business to the cost of manufacturing products on a per-unit basis. In variable costing, the fixed overhead costs would be a lump sum (including all variable expenses such as supplies and raw materials) rather than a per-unit expense. One potential advantage of variable costing would be that when you finally sell all products in your inventory, you will have an income surplus, because you would not have previously received revenues for items that were in your inventory.
What is another term for variable costing?
It May Be Called as "Marginal Cost"
Is another term for variable costing?
It May Be Called as "Marginal Cost"
