Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. one of the disadvantages cited regarding variable

One of the disadvantages cited regarding variable costing is that this method of cost accumulation...

80.2K

Verified Solution

Question

Accounting

One of the disadvantages cited regarding variable costing is that this method of cost accumulation ignores generally accepted accounting principles (GAAP). Explain this. Why might auditors challenge the use of variable costing?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

TapsiCo is a manufacturer of soft drinks. TapsiCo owns a land in Georgia that can be...

Finance
Q

What are the differences in proteins, primers, and experimental procedures for the following PCR based experiments? a....

Biology
Q

Design a 8086 microprocessor base system that manage 1Mbyte of memory and can handle serial and...

Electrical Engineering
Q

Introduction Aaron and Dee are the two newest US-based coordinators hired by the Academic Leadership Center (ALC)...

General Management
Q

Given Mass of an electron is The charges on three identical ebonite spheres are 2...

Physics
Q

8 A periodic external force acts on a 6 kg mass suspended from the lower...

Physics
Q

and edge set A B C D E A B B E B C C...

Basic Math
Q

A function f is given and the indicated transformation is applied to its graph Write...

Calculus
Q

Botosan Factory has budgeted factory overhead for the year at $621,105,...

Accounting
Q

Using Chapter 13 in the textbook government and non-for-profit accounting concepts and practices eighth edition,...

Accounting
Q

Harrison Company maintains a checking account at the First National City Bank. The bank provides...

Accounting
Q

As a consultant to Basso Inc., you have been provided with the following data: D1...

Finance