Variable and Fixed Costs
Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Consequently, we’ll examine and discuss income statements in this case.
Keep the analysis from the SLP in mind when addressing the questions below.
Explain the main differences between the absorption and contribution (behavioral, variable) income statements. Will net income always be the same under the two approaches? If not, explain the difference.
Comment specifically on why companies feel the need to create yet another income statement in a different format. What information can the company gleam from this approach which is helpful as a tool in the decision making process.
Explain situations in which break-even analysis can be a useful tool. Provide a specific example.
Difference Between Absorption & Variable Costing
Difference between Variable & Absorption Costing When it comes to managerial accounting, the way that information is presented can affect decision-making for a business. In a manufacturing environment, companies can use absorption costing or variable costing when accounting for the costs of products…
783 Words | 3 Pages
The Main Differences Between Communicat
The main differences between communicating with adults and communicating with children and young people Unit 203 3.2 /4.1 There are many ways for communicating with adults and children; you should always have good eye contact and show that you are interested in what children and adults are saying…
Child abuse , Freedom of information laws by country , Nonverbal communication 1023 Words | 3 Pages
The main differences between Torts
The main differences between Torts, Crimes and Breach of Contracts. 1. Torts are legal wrongs against individuals eg. Defamation, Assault and battery. ~Crimes are wrongs against the society punishable by the state eg, Murder, Treason and Rape 2. Torts lead the victim to be provided compensation…
Criminal law , Rylands v Fletcher , Tort 922 Words | 3 Pages
The Main Difference Between Manager and Entrepreneur
entrepreneurship has grown in importance and that it indeed contributes to economic well being. Converting ideas into successful economic opportunities is the main essence of entrepreneurship. If we cast an eye over the past, the economic momentum has been substantially advanced by pragmatic individuals who are…
Entrepreneurship , Affect (psychology) 1660 Words | 5 Pages
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂
Comments or questions are welcome.