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What else can I help you with?
How much does a Cafe Rio franchise cost?
This company doesn't franchise as of yet, but who knows maybe in the future.
What are some examples of variable costs in a business?
One example of a variable cost in a business is labor costs because the amount of people a business employs fluctuates greatly, especially during the holiday season. Another example of a variable cost is the cost of materials.
How can quality time and cost requirements be balanced?
spend 33.33% on each to give an even amount to each like a triangle model each represents quailty time & cost
What is an overhead?
An overhead is a cost that is not directly related to the production of a specific good or service but that is indirectly related to the production of several goods or services. For example, the cost of maintaining an office or factory - lighting, heating etc.
How do you depreciate business sign?
To depreciate a business sign, you first need to determine its useful life and salvage value. The most common methods for depreciation are straight-line depreciation, where the cost is evenly spread over the sign's useful life, or accelerated methods like double declining balance. For example, if a sign costs $10,000 with a useful life of 10 years and no salvage value, you would deduct $1,000 annually using straight-line depreciation. Ensure to adhere to relevant accounting standards and tax regulations when calculating depreciation.
A cost is considered relevant if it is avoidable and future and cash?
A cost is considered relevant if:
Are all future cost are relevant in decision making?
Future costs are relevant in decision making if the decision will affect their amounts. For example, suppose you're trying to decide whether to drive to work or take the bus. Relevant future costs information includes (1) the cost of gasoline and tolls needed to drive to and from work and (2) the cost of bus fare because both of these costs depend on your decision. However, future costs that won't change - such next month's rent on your apartment - are not relevant because, regardless of your decision, they will not change. Note that past costs are never relevant in decision making.
All future costs are relevant in decision making?
Future costs are relevant in decision making if the decision will affect their amounts. For example, suppose you're trying to decide whether to drive to work or take the bus. Relevant future costs information includes (1) the cost of gasoline and tolls needed to drive to and from work and (2) the cost of bus fare because both of these costs depend on your decision. However, future costs that won't change - such next month's rent on your apartment - are not relevant because, regardless of your decision, they will not change. Note that past costs are never relevant in decision making.
When is fixed cost relevant in decision making?
When there will be change in fixed cost of business then at that time fixed cost will be relevant cost For Example if acquiring new machinery will reduce the amount of fixed expense in that case fixed cost is also relevant.
Define relevant range and give an example of what this would be for the next fiscal year in pharmacy example scatter diagram should average prescriptions filled rise to 3546 per month?
Fixec cost 3,546 Variable cost 49,629 Total cost 50,175Type your answer here...
Is depreciation cost relevant in Outsourcing?
Only the total amount of a new machine is a relevant cost because this incurs in the future and incurs when a certain decision is made. The depreciation of old machines is a sunk cost so this is an unavoidable cost. The amount for the old machine you sell is a relevant cost because you will get this amount if you sell the old machine and buy the new one.
Difference between budgeting and forecasting in cost accounts?
Budgeted cost compares with actual cost and then we try to reduce if cost is more than budgeted cost Forcasting is just estimation of future cost . They may use or not . These forecasted cost is just direction for future cost but practically only budgeting concept is more relevant regarding cost accounts .
Is direct labor cost a relevant cost?
If direct labor cost creates impact or influences the decision then it is relevant cost but if direct labor is not creating influence or changing in decision then it is irrelevant cost for example direct labor cost remain same irrespective of whatever the decision then direct labor cost is also irrelevant.
The book value of old equipment is not a relevant cost in a decision?
That's correct. The book value of old equipment represents its historical cost and accumulated depreciation, which is not relevant for decision-making because it does not reflect the current market value or the future costs and benefits associated with the equipment. When making decisions, it's important to focus on relevant future costs and benefits rather than past historical costs.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
What role do past cost play in relevant costing decision?
Past costs can play an important role in making future cost budgets. The previous costs can help individuals budget how much money they will need for future production of similar objects.
Distinguish between common cost and joint cost give three example?
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