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Using a predetermined rate makes itpossible to estimate total job costs sooner. Actual overhead for the period is notknown until the end of the period.

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Why might a consulting firm use noraml costing system rather than actual costing system?

A consulting firm might use a normal costing system instead of an actual costing system primarily for ease of budgeting and forecasting. Normal costing allows the firm to apply overhead costs based on a predetermined rate, which simplifies the allocation process and provides more timely financial information. This approach also helps in managing cash flow and maintaining consistent pricing strategies, as actual costs can fluctuate significantly based on project demands. Additionally, normal costing can facilitate performance evaluation by providing a stable basis for comparing projected versus actual results.


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.


What is the difference in the receipt received by a customer from a cash register versus a point of sale terminal?

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The term for a record of how much money is being spent versus how much is being earned is?

a buget


What is the difference in percentage of income versus percentage of expense?

Income = expense + savings&investments Income = expense + savings&investments

Related Questions

What is the formula to calculate the percent difference between plan versus actual revenue?

(actual - plan)/plan


How do you calculate the percentage of sales goal versus actual revenue?

(Actual Sales-Plan)/Plan % Result


What is true of the velocity versus time graph of an object receiving an applied net force?

The velocity versus time graph of an object receiving an applied net force will show a linear increase or decrease in velocity, depending on the direction of the force.


WHAT ARE THE REASONS A DENTIST WOULD RECOMMEND A PARTIAL VERSUS HAVING THE REMAINING TEETH EXTRACTED AND HAVING DENTURE MADE?

There could be a few different reasons on why a dentist would recommend a partial versus and having teeth pulled. The main reason would probably be because the teeth are no more good.


Is a assault and battery a misdemeanor in Oklahoma?

Depends on the circumstances. Take a look at the link for the actual punishments versus the type of assault and battery.


Briefly summarise the reasons for the decisions made by software developers regarding the use of processes versus threads?

Control and speed of executions.


Broadband cable requires many subscribers to share the same local line thus raising concerns about what and actual-versus theoretical-throughput?

Security.


Where can you find statistics on protection orders versus injunctions?

There would be no way to determine that, as they are basically one and the same. The different types of injunctions are determined by the particular situation to which they are applied.


What is a over head?

In business, overhead or overhead expense refers to an ongoing expense of operating a business (also known as Operating Expenses - rent, gas/electricity, wages etc.). The term overhead is usually used to group expenses that are necessary to the continued functioning of the business but cannot be immediately associated with the products/services being offered (e.g., do not directly generate profits). Closely related accounting concepts are fixed costs versus variable costs and indirect costs versus direct costs.Overhead expenses are all costs on the income statement except for direct labor, direct materials & direct expenses. Overhead expenses include accounting fees, advertising, depreciation, insurance, interest, legal fees, rent, repairs, supplies, taxes, telephone bills, travel and utilities costs.


Can scientific models changed?

yes they can be changed!Scientific models change to reflect ongoing research to explain discrepancies in current theory versus actual experimental results.


What is the future tense of versus?

The word versus is a preposition; therefore, it doesn't have tense.


What are all the major conflicts in the play of Antigone?

Antigone versus Creon reflects an individual versus individual conflict, but since Creon the regent (acting king), he speaks for the state; so it is also an individual versus society conflict; and since Antigone buries her brother. against the injunction of the state, for religious reasons, it is also an example of church versus state. Antigone is in a conflict with herself before she finally decides to disobey her uncle and conduct the funeral ritual for her dishonored brother; an example of individual versus self. The other conflicts, with Tiresias, with Haemon, with Eurydice, stem from these.