Homework Answers
Activity based management system is primarily used for
A Capacity constrained
* To determine product cost or service cost
* To make product or service decisions
* To determine activity capacity
B Declining operation
* To cut cost
* To downsize
C Growing operations
* To deploy non value added work
* To improve processes and activities
D Flat business
* To identify non value added asset
* To eliminate cost drivers
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Explain in the the role of activity based system management Gele (9 miks)
9) Explain activity-based management and how it differs from activity-based costing. 10) Identify some common activity b...
9) Explain activity-based management and how it differs from activity-based costing. 10) Identify some common activity bases in terms of which the volume of a manufacturing operation might be stated. What general criterion might be used in choosing an activity base?
Difference between activity-based cost and activity cost management. Can you say that the activity-based cost system...
Difference between activity-based cost and activity cost management. Can you say that the activity-based cost system is a mechanism that refines cost systems? It argues in terms of the advantages of using the activity-based cost system (ABC costing) in terms of the allocation of indirect costs to the products or services and the difference between the activity-based cost (activity based costing) and activity cost management (activity based management).
Activity-based management (ABM) is defined as: The implementation of an activity-based costing system in a service...
Activity-based management (ABM) is defined as: The implementation of an activity-based costing system in a service company, such as a management consulting firm The identification and selection of activities to minimize the value of the activities while maximizing their cost from the perspective of the final consumer of the product or service. The process of identifying the cost drivers to be used in calculating the per-activity rate for each cost pool in an activity-based costing system. The identification and selection...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: *...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees machines rules and regulations activities customers
ULI, DULISU Ndres custom-designed paragliders. Management has designed an activity-based costing system with the following activity...
ULI, DULISU Ndres custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Order processing Custom design processing Customer service Activity Rate $ 22 per direct labor-hour $ 196 per order $ 265 per custom design $ 436 per customer Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:...
question 20 an ABC system is one building block of activity - based management (ABM) ....
question 20 an ABC system is one building block of activity - based management (ABM) . the second building block is 1- the ability for managers to understand that the demand for output is central to profitability 2- knowing the limitations of allocating indirect costs 3-automating the costing system 4-that senior management support is crucial 5- understanding the components of indirect cost pools
Explain how ABC (Activity Based Costing) give an accurate evaluation of management performance in comparison to...
Explain how ABC (Activity Based Costing) give an accurate evaluation of management performance in comparison to traditional costing method
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Explain the role and Influence of Multinationals in Public Policy, based on whether it is appropriate for public policy to be sensitive to the activity of multinationals.
Cardinal Manufacturing is switching from a traditional costing system to activity-based costing. Cardinal’s management has just...
Cardinal Manufacturing is switching from a traditional costing system to activity-based costing. Cardinal’s management has just finished identifying the appropriate drivers for each of its seven cost pools. What is management’s next step in putting the ABC system into place? A : Calculating the activity-based overhead rate for each of the different products the firm manufactures. B : Calculating the activity-based overhead rate for each of the seven cost pools. C : Allocating overhead costs to each of the seven...
Explain three (3) benefits in using an Activity-based costing system for a manufacturing company.
Explain three (3) benefits in using an Activity-based costing system for a manufacturing company.
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees machines rules and regulations activities customers
ULI, DULISU Ndres custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates: Activity Cost Pool Supporting direct labor Order processing Custom design processing Customer service Activity Rate $ 22 per direct labor-hour $ 196 per order $ 265 per custom design $ 436 per customer Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:...
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