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What else can I help you with?
A major weakness of flexible budgets is?
they force the manager to compare actual costs at one level of activity to budgeted costs at a different level of activity.
A report that specifies the expected and actual costs under the control of a manager is a?
Responsibility Accounting Report
How can manager decrease variable costs while increaseing fixed cost?
This is generally done in areas such as manufacturing where processes can be more automated. By investing in machines and facilities, the fixed costs will increase, but variable labor costs will decrease.
Example of controllable cost and uncontrollable cost?
Controllable costs are costs that a manager or department has authority and responsibility over, such as direct material cost. With uncontrollable costs, management has no control over the cost or when they must be paid, such as liability insurance.
When applying the systems engineering process to determine the optimal design solution the impact on both immediate costs and life cycle costs needs to be considered with the greatest weight placed?
immediate costs
What is non-controlable cost?
Non-controllable costs are expenses that a manager has no authority to influence or change. One example is an employee's rate of pay.
A manager is responsible for costs only in a?
cost center
Is factory manager wages direct labor costs?
Factory manager is not directly related to the production of units of product so it is not direct labor cost but it is included in overhead costs.
What are the fixed costs for a fast food restaurant?
Manager's Salary
What is functional costing?
Function-based cost management is the budgeting philosophy that the budget controller (in this case the manager) budgets costs based on the function of a department, person, area, etc. Generally, the manager assigns costs according to the importance of the function to that manager.
Can a groom sue the bride for the costs of the wedding because she didn't show up?
Probably, but I would VERY STRONGLY recommend that you DO NOT! Probably, but I would VERY STRONGLY recommend that you DO NOT!
What is function-based cost management?
Function-based cost management is the budgeting philosophy that the budget controller (in this case the manager) budgets costs based on the function of a department, person, area, etc. Generally, the manager assigns costs according to the importance of the function to that manager.
What is function based cost management?
Function-based cost management is the budgeting philosophy that the budget controller (in this case the manager) budgets costs based on the function of a department, person, area, etc. Generally, the manager assigns costs according to the importance of the function to that manager.
What are the factors that influence whether to make or buy?
The cost of production is one of the many factors that determine whether to make or buy. If it costs more to produce than it would to outsource, it is a good idea to outsource.
Why is it important to separate variable and fixed costs?
it is important to separate variable and fixed costs. Another reason it is important to separate these costs is because variable costs are used to determine the contribution margin, and the contribution margin is used to determine the break-even point.
How can one determine fixed costs if they are not provided?
To determine fixed costs when they are not provided, you can analyze the company's financial statements and identify expenses that do not change regardless of production levels. These may include rent, insurance, salaries, and utilities. By subtracting variable costs from total costs, you can estimate fixed costs.
How can one determine and calculate economic profit in a business?
To determine economic profit in a business, subtract total costs (including both explicit and implicit costs) from total revenue. Economic profit is calculated by subtracting all costs, including opportunity costs, from total revenue.
