write down five (5) advantages and disadvantages of cost principle.​

Answers

Answer 1

Answer:

Explanation:

advantage:

1. Elimination of Wastes, Losses and Inefficiencies

2. Cost Reduction

3. Identify the reasons for Profit or Loss

4. Advises on Make or Buy Decision

5. Price Fixation

disadvantage:

1. Only past performances are available in the costing records but the management is taking decision for future.

2. The cost of previous year is not same in the succeeding year. Hence, cost data are not highly useful.

3. The cost is ascertained on the basis of full utilization of capacity. If capacity is partly utilized, the cost may not be true.

4. Financial character expenses are not included for cost calculation. Hence, the calculated cost is not correct always.

5. In cost accounting, costs are absorbed on pre-determined rate. It leads to over absorption or under absorption of overheads.


Related Questions

A narrow waterway between islands is called

a strait
a sound
a inlet
an isle

Answers

A strait (first option)

What is the correct definition of a barracoon?
ship that transported slaves
O warrior who captures slaves
O enclosure that held slaves
merchant who purchased slaves

Answers

Answer:

C

Explanation:

definition is "formerly a place of temporary confinement for slaves or convicts"

Minta wants to increase the heat transfer between a metal iron and another piece of metal he wants to see if he decides to increase the time the two metals are in contact use a large larger metal iron and use the new metal material from a higher specific heat

Answers

Answer:

c

Explanation:

yes

In 3 to 5 good sentences, describe some of the many important roles of noblewomen during feudal times.


Please help!

Answers

Answer:

Noblewomen played active roles in the Medieval community. ... Their role was to help their husband run the estates. The "lady" became "lord of the manor" while her father or husband was off fighting. Sometimes the women might even go to war to defend her estate, if necessary.

Explanation:

how doesl ion's special coloring hellp it survive

Answers

Answer:

The deer and squirrel's special coloring help them hide from predators. African lions have a tan body coloring. However, lions use it not to hide from predators, but to hide in savanna grasses while watching for prey. A lion can sneak up on prey without being seen more easily by blending into the grassy environment.

Which would be a problem in a command economy

Answers


Private enterprise does not exist in a command economy. ... Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Essay on gender discrimination in about 150 words​

Answers

Answer:

Gender inequality is a social issue where boys and girls are treated equally. Girls are unacceptable in society and are often killed before birth. In many parts of India, a girl child is killed even before birth.

Due to the patriarchal norms, the women have been ranked lower compared to men, and they are subjected to humiliation many a time.

Gender inequality is one of the major reasons behind a country not flourishing to its full potential. The economic slope of a country goes down, as women are not encouraged to be a part of the economy, and their rights are suppressed.

The ratio between the boys and the girls is unequal, and due to that, the population increases as if a couple has a girl child, they try again for a boy child.

Gender inequality is a curse to society, and we should try to remove it from our society for the country to make progress.

What most likely would have happened if North Carolina’s waterways had been dredged like Archibald Murphey suggested?

Raleigh would have experienced rapid growth.
There would have been competition between plank roads and waterways.
Soil would have eroded, and drought would have occurred.
Sea trade would have improved and increased.

Answers

Answer:

c definitly

Explanation:

Answer:

D) Sea trade would have improved and increased.

Explanation:

ASAP!! HELP!! I GIVE COINS!!!

How do the 7 principles of government compare and contrast one another (you don't have to do all of the principles...I just need a couple of examples)

Answers

Answer:

Hope this helps...

Explanation:

“We the people of the United States . . . establish this Constitution for the United States of America.” These words from the Preamble, or introduction, to the Constitution clearly spell out the source of the government’s power. The American form of government comes from a school of political thought called classical liberalism, which emphasizes freedom, democracy, and the importance of the individual. The Constitution rests on the idea of popular sovereignty—a government in which the people rule. As the nation changed and grew, popular sovereignty took on new meaning. A broader range of Americans shared the power to govern themselves.

In 1987, Americans gathered in Washington, D.C., to celebrate the 200th anniversary of the Constitution. The banner proudly displays that the power to govern belongs to the people.

The Framers of the Constitution wanted the people to have a voice in government. Yet the Framers also feared that public opinion might stand in the way of sound decision making. To solve this problem, they looked to

republicanism as a model of government. Republicanism is based on this belief: The people exercise their power by voting for their political representatives. According to the Framers, these lawmakers played a key

role in making republican government work. Article 4, Section 4, of the Constitution, also calls for every state to have a “republican form of government.” Civic Republicanism is the idea that citizens stay informed

about politics and participate in the process. The Framers wanted the states and the nation to become partners in governing. To build cooperation, the Framers turned to federalism. Federalism is a system of government in which

power is divided between a central government and smaller political units, such as states. In the early years of the United States, federalism was closely related to dual sovereignty, the idea that the powers of the federal government and the states were clearly defined, and each had exclusive power over their own spheres with little overlap. This view of federalism led to states’ rights conflicts, which were contributing factors in the Civil War. The Framers used federalism to structure the Constitution. The Constitution assigns certain powers to the national government. These are delegated powers. Powers kept by the states are reserved powers. Powers shared or exercised by national and state governments are known as concurrent powers.

The Framers were concerned that too much power might fall into the hands of a single group. To avoid this problem, they built the idea of separation of powers into the Constitution. This principle means the division of basic government roles into branches. No one branch is given all the power. Articles 1, 2, and 3 of the Constitution detail how powers are split among the three branches.

Baron de Montesquieu, an 18th-century French thinker, wrote, “Power should be a check to power.” His comment refers to the principle of checks and

balances. Each branch of government can exercise checks, or controls, over the other branches. Though the branches of government are separate, they rely on one another to perform the work of government. The Framers included a system of checks and balances in the Constitution to help make sure that the branches work together fairly. For example, only Congress can pass laws. Yet the president can check this power by refusing to sign a law into action. In turn, the Supreme Court can declare that a law, passed by Congress and signed by the president, violates the Constitution.

The Framers restricted the power of government. Article 1, Section 9, of the Constitution, lists the powers denied to Congress. Article 1, Section 10, forbids the states to take certain actions. The principle of limited government is also closely related to the “rule of law”: In the American government everyone, citizens and powerful leaders alike must obey the law. Individuals or groups cannot twist or bypass the law to serve their own interests.

The first ten amendments to the Constitution shield people from an overly powerful government. These amendments are called the Bill of Rights. The Bill of Rights guarantees certain individual rights, or personal liberties and privileges. For example, the government cannot control what people write or say. People also have the right to meet peacefully and to ask the government to correct a problem. Later amendments to the Constitution also advanced the cause of individual rights.

NEED THIS NOW 20 POINTS AND BRAINLIEST
How did the Bessemer process benefit Carnegie’s monopoly?

The Bessemer process allowed Carnegie to produce high-quality steel more quickly.
The Bessemer process made the transportation of steel faster and more efficient.
The Bessemer process helped Carnegie hire skilled workers and improve the quality of his product.
The Bessemer process allowed Carnegie to replace coal as a fuel supply in his factories.

Answers

Answer:

The Bessemer process was a cheap but efficient way of converting iron ore into steel. The low cost and very efficient manner for steel production allowed Carnegie to produce steel quickly and at extremely low costs.

Answer:

The Bessemer process allowed Carnegie to produce high-quality steel more quickly.

Explanation:

20 POINTS!!!!!!!!! Why is a wetland important to the environment?
A.) They act as a sponge that holds rainwater, snow melt, and flood waters, which helps prevent floods
B.)Wetlands also filter water, cleaning the groundwater
C.) Fish and shellfish, various birds and mammals require coastal wetlands to survive. For instance, many animals raise their young in coastal marshes.
D.) All of the above

Answers

Answer:

I think it C because it is were fish and shellfish and many other sea animals live

Match the correct item in Column A with its corresponding definition or description in Column
B. Write the correct letters in the blanks. For Social studies

Answers

Answer:2snd d

Explanation:

Many historians believe that people first came to the Americas by crossing the ________.
A
Atlantic Ocean

B
Gulf of Mexico

C
Bering Strait

D
Rocky Mountains

Answers

Answer:

the answer would be C.bering strait

Answer:

The correct is c.)Bering Strait

No one knows how or when the first humans arrived in America. Most 4, historians believe that they came to North America from Asia around 12,000 BC. They were probably walking along an overpass that crossed the Bering Strait. The overpass would have been formed times during the Ice Age. At that time, the sea level had fallen times and the land was exposed. Most scholars accept the overpass theory to explain how the first people came to America. However, some scientists today challenge this theory. They think the first Americans could have sailed earlier, perhaps by sea.

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