Project #161002 - Fundamentals of Cost Accounting for Decision Making

Business Tutors

Subject Business
Due By (Pacific Time) 12/15/2016 11:30 pm

Q4-23 One of your acquaintances notes, “This whole subject of differential costing is easy; variable costs are the only costs that are relevant.” How would you respond? Q4-24 A manager in your organization just received a special order at a price that is ‘below cost.” The manager points to the documents and says, “These are the kinds of orders that will get you in trouble. Every sale must bare its share of full costs of running a business. If we sell below our full cost, we will be out of business in no time.” What do you think of this remark? Q6-8. “Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that we know are direct.” Do you agree? Why? Q6-14. What criteria are important in determining the choice of an allocation base? (short answers 4-6 Sentences)

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