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Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in...

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Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in text), including the textbook (included below).

Textbook reference:

Managerial Accounting: Decision Making and Motivating Performance- Text Only: Datar, S.

M., & Rajan, M. V XXXXXXXXXXManagerial accounting: making decisions and motivating performance.

Boston: Pearson. ISBN: XXXXXXXXXX

(This Assignment Box maybe linked to Turnitin.)

Answered Same Day Jun 05, 2021

Solution

Khushboo answered on Jun 06 2021
162 Votes
Post 1:
We are disagreed with the statement that cost incu
ence and locked in costs should not be differentiated. Both the costs are different in nature and should be identified separately. Incu
ed costs are recorded in books in present whereas locked in costs or commitment costs are not recorded in books in present because these are future costs and is used mainly for budget and cash flow estimation. If lock in costs are not differentiated, then an entity cannot make future planning for cost to be incu
ed and will not be able to execute projects efficiently. Further if incu
ed costs are not differentiated then the entity cannot calculate...
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