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Quality of audit reports

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Q: What is the intervening variable between internal audit resources and profitability?
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Why is Variable costing is a good method for internal reporting especially?

It informs the management that how much any unit of product is helping towards recovering the fixed cost.


What is a contingent discount?

The contingent concept usually refers to a variable calculation based on certain volume.For example:contingent commission where a broker is paid based on the profitability of the business he writescontingent lease where a lessee rental expenses is based on his operating incomeMy guess is contingent discount is based on purchase volume or the more you buy the bigger your dicsount


Why would a firm use job order costing?

Fixed cost, being what they are and by nature, fairly consistant job to job (or no job), job order costing would become especially important when the variable costs relative to a job are such that it becomes the only effective way to determine the profitability, if any, of any specific project.


Explain how 'segment margin' differs from 'contribution margin'?

Contribution margin is the amount remaining from sales revenue once all variable costs have been removed ie. Contribution Margin = Sales Revenue - Variable Costs Segment margin is the margin available after a segment has covered all of its costs. It's one of the best ways to determine the long-term profitability of a segment. ie. Segment Margin = Segment's Contribution Margin - Fixed Costs traced to the Segment


How segregate the semi variable cost?

In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost

Related questions

What is an intervening variable?

An intervening variable is an internal state that is hypothetical in empirical research. It explains the relationships between variables being observed.


Intervening variable can be measured?

How to measure intervening variable and how to include the variable in an equation


What is an interdependent variable?

An intervening variable is an internal state that is hypothetical in empirical research. It explains the relationships between variables being observed.


What are interfering variables?

An intervening variable is a hypothetical internal state that is used to explain relationships between observed variables


What is an example of intervening variable?

An example of an intervening variable is stress, which can impact the relationship between hours of sleep and academic performance. In this case, stress mediates the relationship by influencing both the amount of sleep a person gets and their academic performance.


Is there an internal variable for an object's speed in Game Maker?

Yes, the internal variable for an object's speed in Game Maker is <Object_Name>.speed.


If you open the faucet then it will increase the flow of water what is confonunding and intervening variable in this example?

if i open the faucet, then it will increase the flow of water?


What is the difference between moderating and extraneous variables?

Extraneous variable a.k.a. Confounding vaiable is a variable that affects an independent variable n also afects a dependent variable at d same time confounding relatnship btn the independent and dependent variable. Mediating variable a.k.a. Intervening variable, it is a variable forming a link btn two variables that are causualy conected.


How are resources inter dependent?

The dependent variable depends on the idependent variable


Make up three situations in which motivation to work would be an independent variable an intervening variable and a moderating variable?

motivation to work is a moderating varaible , because it is not aleways consisitent adn there are various factors which go about in making a person work


What is contribution as per marginal costing?

contribution can be expressed in two ways.... a)sales - variable cost b)Fixed cost + profit. In short period fixed costs are ineffective due to their stagnant nature, variable cost become the most important cost in deciding profitability.


Resource cost can be associated with labor cost or material consumable resources?

Variable costs not Resource