Cost Accounting

Q1 What are the differences between the operating plans and actual operations?

Q2 How can you make higher-quality decisions?

Q3 Omar Corporation produces mobile phones.

Total variable costs of one mobile = $20.

The factory rent is $2,500/ month.

Compute the total costs per month and the average cost per mobile phone if they made only 10

mobiles per month. What if they made 100 mobile per month?

Q 4 What are the statistical tools that highlight the significance of the regression model in

estimating cost behavior?

Q 5 Explain how uncertainties and Biases can affect the decision quality