IS a outsource?

Q: What risks exist in a production conversion cycle?

A: The following are some of the risks that exists in the conversion cycle:   Authorization of…

Q: Are joint cost allocations useful? If they are, for what purpose?

A: Definition: Joint cost: The total costs incurred prior to the split-off point where the joint…

Q: A) What is VAT? what is the difference between input and output VAT?

A: Comment - We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: What are the advantages of the direct write-off method? And Explain Please.

A: Direct write-off method is an effective way for a company’s business to recognize bad debt. Bad debt…

Q: Describe resource dependency theory

A: Resource dependency theory is an important theory in Sociology. This theory helps to study the…

Q: What can be understood from “Segment Reporting"?

A: Financial reporting:   It refers to the disclosure of financial results of an organization for a…

Q: What is single sourcing? Multiple sourcing? Outsourcing

A: Single sourcing is a concept used at the time of procurement of materials or any other thing…

Q: Explain the term internal failure costs.

A: Internal failure costs: Internal failure costs include additional production-related costs that are…

Q: Explain Concept Syndications?

A: Syndication is a process by which small lenders come together and they lend the money to a big…

Q: Examples of transaction costs

A: Transaction costs are the costs which occur during buying or selling of services and goods. They are…

Q: . Assume that the company uses absorption costing:

A: In Absorption Costing along with variable costs we also consder fixed costs as cost…

Q: What is the cost principle?

A: Cost Principle:Cost principle requires recording of assets and liabilities on the balance sheet of…

Q: How do service companies differ from manufacturing companies?

A: Company:   A company refers to an artificial judicial person created by a group of individuals who…

Q: What does it mean to externalize costs?

A: Externalizing costs means generating profits by reducing the indirect costs by imposing them on…

Q: Define conversion costs?

A: Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other…

Q: What is management by exception?

A: Management by Exception: Management by exception is one of the management styles where the…

Q: what is inventoriable costs?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: How do fixed asset systems differ from purchases systems?

A: Definition: Purchase system: The identification and procurement of the inventory needs for the…

Q: How can the work-in-process concept be viewed?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: What properties should transfer-pricing systems have?

A:

Q: What is an LBO?

A: Leveraged buyout (LBO): It is another firm's takeover, employing a huge sum of borrowed capital to…

Q: How does standard costing improves the control function

A: The standard costing technique is the one that is used for making comparisons between the actual and…

Q: What are Joint Costs?

A: The entity incurs different types of costs while carrying out its day-to-day operations. When a…

Q: What are the prime costs? Conversion costs?

A: Prime cost: Prime cost includes cost which are related to direcly production of Finished goods. This…

Q: Give two definitions for enterprise value?

A: Enterprise Value is the measure of a company’s total value. It consider the entire market value of a…

Q: What does Unbundling entail reducing?

A: Unbundling is the process of selling, changing, or cutting assets, product lines, divisions, or…

Q: What does indirect cost includes?

A: Indirect costs: The costs, which do not relate directly with the manufacturing of products, are…

Q: What is product costs? Give an example?

A: Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other…

Q: What is operation costing?

A:

Q: What is a cost object?

A: Introduction:

Q: What is controlling costs?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: What is the difference between purchasing digitaladvertisements with a cost-per-impression…

A: Introduction : The cost of per click and the cost per impression are two methods for doing digital…

Q: What is the process of transaction costs?

A: Transaction cost: Transaction cost refers to a cost that is incurred in the process of carrying out…

Q: what are the advantages and disadvantages of ABC costing

A:

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: Define standard costs and explain how standard cost information is useful formanagement by…

A: Standard costs: These are the costs which a company determines as a standard to attain its…

Q: What are the functions of packaging?

A: The Packaging refers to every one of those exercises identified with planning, assessing and…

Q: What Is Cost-Based Contracts?

A: Cost plus contracts is defined as an agreement for reimbursement of the company regarding an…

Q: What are product costs?

A: Product costs refer to the costs incurred by a business from manufacturing a product or providing a…

Q: What is a relevant cost?

A:

Healthcare Organization

Healthcare organizations are entities that provide healthcare services such as primary care, surgery, diagnosis of diseases, and medical treatment to patients who are in need. Healthcare organizations or health systems provide healthcare benefits to people through clinics, hospitals, teaching and training institutions, and research institutions. The fundamental purpose of healthcare organizations is to offer healthcare services at a lower cost to meet the health needs of the people.