Think of a product with which you are familiar. Explain how activity-based costing could help the company that makes this product in its efforts to be “green.”
Activity based costing enables the company to produce a green product
Activity Based Costing (ABC) is a method of costing that identifies and assigns cost to various activities of an organisation
ABC allocates indirect costs and helps in organizational decision making process
Allocation of cost to every product
resist unfamiliar reports and numerals
sustainable costs are included and non manufacturing costs are excluded
Think of a product with which you are familiar. Explain how activity-based costing could help the...
Think of a product with which you are familiar. Explain how activity-based costing could help the company that makes this product in its efforts to be “green.” **Please answer something different than those examples in this website.
Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company you know and answer the following: What are the differences between the two costing methods, and how do these apply to your company? What are some ABC cost drivers the company might use? How could the costs differ if one method is chosen over the other? Which method would you recommend for your company, and why?
Which method; activity-based costing (ABC) or traditional costing do you think is a better approach to costing and why? Be sure to include in your discussion how you think the method you selected is helpful to managers and would benefit the company as a whole.
Discuss briefly the activity-based costing (ABC) concept and explain how ABC can differ from traditional costing approaches? Consider a healthcare organization with which you are familiar that uses an ABC model.
Activity-based costing (ABC) or traditional costing do you think is a better approach to costing and why? Be sure to include in your discussion how you think the method you selected is helpful to managers and would benefit the company as a whole.
What types of decisions could activity-based costing potentially help Caesars make? O A. Pricing and product mix OB. Routine planning and control OC. Cost cutting OD. All of the above
Thank You for the help! Abel Corporation uses activity based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 210 units and of Product B is 420 units. There are three activity cost pools, with total cost and activity as follows: Activity Cost Pools Activity 1 Activity 2 Activity 3 Total Activity Total Cost Product A Product B Total $14,625 500 150 650 $19,570 1,150 750 1,900 $ 9,782...
Suppose an organization uses the activity-based costing (ABC) model. How do you think this model differs from traditional costing approaches? What do you see as advantages or disadvantages for this healthcare organization?
Activity-Based Costing Define activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to the company? Explain at least two benefits. What are the disadvantages to implementing an ABC system? List and explain at least two. Would the proposed changes make ABC a universally applicable costing method in your opinion? Why or why not? Elaborate your response. Non-Financial Performance Many city and county governments are discovering that you can control only what you measure. As a result, many...
Exercise 2A-3 Activity-Based Absorption Costing as an Alternative to Traditional Product Costing (LO2- 5) Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production $ 56.00 $ 14.00 0.70 DLHS 10,000 units Standard $ 44.00 $ 11.60 1.40 DLHS 50,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct...