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Why is cost accumulation simpler in a process costing system than it is in a job-order costing system?
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How do you open a Vonage Canada account?
Visit their website or call their number. You may have to provide them with a credit card or checking account. The process will probably be much simpler than setting up a regular phone line.
Discuss why overhead costing methods using plant-wide overhead rate or departmental overhead rates are no longer adequate for costing products and sevrices in other companies?
With advancing technology and intense competitions, companies will strive to provide wider varieties of goods and services. Companies will thus produce both simple and complex products. Complex products tend to consume more non-unit level activities. Examples of non-unit level activities are setups, inspections and equipment maintenance, etc. When there is a large proportion of non-unit level activities, plant-wide overhead rate and departmental overhead rates will result in inaccurate costing. This is because the two traditional methods use unit-level cost driver that cannot capture non-unit level activities with precision. An example of unit-level cost driver is machine hours, since every product requires machine time. Usually complex products are produced in lower volume than simple products. Since the traditional costing methods use a unit-level cost driver, simple products will have higher overhead costs than the complex products. The products will thus be priced higher. The complex products, which use more non-unit level activities are priced lower. Logically, complex products are more expensive than simpler products because of their more complicated production processes. These production processes involve more non unit-level activities. The inaccurate costing leads to inaccurate prices of products, i.e. overpricing the simpler products and underpricing the complex products. The overpriced products might lead the firm to shut down its production unit due to low demand. Similarly, the underpriced complex products will have unexceptionally higher demand. This will undermine the true profits made by the firm. Because although higher demands lead to higher sales, the revenue that the firm collects are, in fact, less than what it supposed to get, if proper costing method is used, e.g. ABC Costing. Companies will incur losses instead because of the high expenses incurred that are not captured in producing the complex products. Hence, the plant-wide rate and departmental rates are no longer adequate to use for costing products.Activity based costing refers to the methodology that identifies activities in a given organization and assigning each activity a given cost.
A sales tax is a tax?
A sales tax is levied on most consumer purchases-is much simpler.
What is object of vat?
It is assumed that the objective of value added Tax is to replace a complex sales tax regime with a simpler tax a percentage imposed on all goods sold.
Where can one learn about accounting systems?
You can learn about accounting systems through college courses such as the AAT qualifications. For a simpler overview there are numerous books available that explain the various systems, including Accounting Systems for Beginners.
What is the process that releases energy to convert substances to simpler products?
catabolism is the process that releases energy to convert substances to simpler products
What is the process that release energy to convert substances to simpler products?
catabolism is the process that releases energy to convert substances to simpler products
What do you call the process of changing of food into a simpler substance with the help of enzymes?
The process of changing food into a simpler substance is called COMBUSTION
In the digestive process complex foods are broken down into simpler substances like what?
in the digestive process, complex foods are broken down into simpler substances like what?
What is the process in which polymers are broken down into simpler monomers?
hydrolysis
What is the process in which sugar is formed in photosynthesis are broken into simpler molecules?
During cellular respiration the sugars formed during photosynthesis are broken into simpler molecules. These simpler molecules are carbon dioxide and water.
In avaiation why is alodizing preferred over anodizing?
because it is faster and simpler process
Is synthesis the process of making more complex compounds from simpler substances?
Yes
What happens when copper carbonate and sugar are heated they are broken down into simpler substances what is the name of this process?
The process is call decomposition.
Chemical digestion reduces large complex molecules to simpler compounds by the process of?
mastication
What is the process in which food is broken down into simpler substances called?
Digestion is the process of breaking down food into simpler substances. Digestion is of two types: mechanical or physical digestion, and chemical digestion.
Disaccharides are converted into monosaccharides by the process of?
Hydrolysis is the process that breaks down polysaccharides into simpler sugars.
