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It allows you to forecast future costs needed to do business.
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∙ 14y ago
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What is the monthly interest on 37000000 pounds at 10th September 12 rates?
Many countries use "pound" as their major currency unit. Different forms of investment in different countries attract different interest rates. There is, therefore, not enough information provided to enable me to give a more useful answer.
How can you use unit rates and multiplication to solve for missing measures in equivalent ratio problems?
The answer depends on what information is available and which bits are missing. Without that information it is not possible to give a particularly useful answer.
Why death rates tend to fall before birth rates?
Birth rates rise as death rates fall?
How are unit rates and rates alike?
Unit rates are a special type of rates: those where the numerator or, more usually the denominator, of the rate is 1.
What are Africa's birth rates and life expectancy rates?
You need to be more specific as Africa is not a country it is a continent therefore it has a range of birth rates and expectancy rates. by temi
What is the difference between absorption costing and direct costing?
Under absorption costing overheads are allocated to production based on predetermined overhead rates like machine hours, or direct labor hours etc while in direct costing overheads are allocated based on activity performed and relationship with production units.
What are the advantages of using predetermined overhead rates?
The benefits of using predetermined overhead rates is that budgeting and allocation of cash flows become easier. It also helps the firm to conserve resources to stay within a budget.
What are the three overhead absorption rates?
As far as I know there is only an overhead absorption rate and a full absorption rate. The alternative being marginal costing. There are 3 methods of absorption costing. These being Activity, Time and Efficiency but I'm not sure what you are asking exactly.
Disadvantages of using predetermined overhead absorption rates?
One disadvantage to using a predetermine overhead absorption rate is the fact that the rate may be too much for any particular product. If this happens, then the price of the product will be too much.
What is the difference between Actual costing and normal costing?
actual costing uses actual indirect-cost rates normal costing uses budgeted indirect-cost rates
What are departmental overhead rates?
Departmental overhead rates are an expense assigned to products associated with a particular department. Overhead rates help businesses remain within the boundaries of a budget.
What is the role of a cost accountant in the business organization?
Cost accountants are responsible for establishing budgets for the organization. They also assign predetermined overhead rates for product, so that the business doesn't take a loss when they sell the product.
What is activity based costing?
Activity Based Costing(ABC) Is a more recent approach to product costing ,pioneered by Professor Kaplan and Cooper . ABC is an attempt to reflect more accuratly in product costs those activities wich influence the level of support overheads includes such items as Inspection, Dispatch, Production Planing , Set up, tooling and similar costs. ABC system uses many drivers as absorption bases. Because of this , it claims that the use of ABC and several cost driver rates produces more realistic product or service cost specialy when the support costs are high.
Why are certificate of deposit interest rates so high?
Banks pay you a premium interest rates for leaving your money untoched for a predetermined amount of time.
Discuss what has happened in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products?
Advances in computerized systems, technological innovation, global competition, and automation have changed the manufacturing environment. The amount of direct labor used in many industries has greatly decreased, and total overhead costs resulting from depreciation on expensive equipment and machinery, utilities, repairs, and maintenance have significantly increased. When there is not a correlation between direct labor and overhead, it is inappropriate to use predetermined overhead rates based on direct labor.
It is better to use multiple overhead rates compared to single rate in overhead absorption Discuss statement?
hope u all can help me about this question
Departmental overhead absorption rate?
The benefit of determining overhead absorption rates, according to departments is that it is usually hard to pin certain overhead costs to specific products. It is better for each department to relate to a certain overhead than a specific product.
