Homework Answers
Activity based costing is a methodology that assigns costs to activities rather than products or services.
ABC is a technique which involve identification of cost with each cost driving activity and making it as the basis of apportionment of cost over different cost objectives.
Activity costing enhance the accuracy of financial forecast and enhanced management .
Activity costing is used especially producing customized materials.
I would like to work in an steel industry which uses Activity based costing. Manufacturing of steel metal pressed components for alternator,motor,automobiles parts.
When compared with traditional costing,ABC costing shows accurate cost.
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Using what you learned about activity based costing (ABC) in this week's readings, choose an industry...
please answer in simple words OPTION 1) Using what you learned about activity based costing (ABC)...
please answer in simple words
OPTION 1) Using what you learned about activity based costing (ABC) in this week's readings, identify and discuss 3 to 5 items that have to be considered when organizations decide to use ABC and must identify drivers relevant to their industry and type of business.
Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company...
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?
Activity-based costing (ABC) or traditional costing do you think is a better approach to costing and...
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.
You learned about job order costing and activity-based costing. Each method deals with manufacturing overhead in...
You learned about job order costing and activity-based costing. Each method deals with manufacturing overhead in a different way. There are various implications with how costing is done. The following items will help stretch your thinking a bit. Why should an employee have some understanding of costing if they are not in the accounting department? Explain how the method of costing used will impact the company with: (A) the quoting of customer jobs and (B) gross margin/profit on the Income...
Which method; activity-based costing (ABC) or traditional costing do you think is a better approach to costing...
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.
The company I choose is Walmart. Companies can choose from different costing methods: process/product costing and...
The company I choose is Walmart. 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?
What do you think are some advantages for using the ABC method versus a single plant-wide...
What do you think are some advantages for using the ABC method versus a single plant-wide rate or multiple departmental overhead rates. Why would an activity-based costing (ABC) system appeal to some companies and not all companies. Provide at least 3 examples of companies you think would and wouldn't want to use the ABC method.
Activity-Based Costing Define activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to...
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...
absorption costing and activity based costing in real life settings
Why would a company choose to sepend the time and money to implement an ABC costing system. What are the advantages and disadvantages of each type of costing system? Why do you think that accountants have developed so many types of costing systems. How do costing systems facilitate companies to grow? Why is important that all the corporate officers have an understanding of the costing system being used. How might it impact their departments (give examples of at least two...
please choose one mood disorder to reflect upon. Explain what you have learned about the condition,...
please choose one mood disorder to reflect upon. Explain what you have learned about the condition, how it affects lives, and what constitutes a specific diagnosis within the mood disorder. Describe at least two treatments for the disorder, and share any personal connection you may have to the disorder that you are comfortable sharing. Even consider that you are suffering from this diagnosis. What do you think your life would be like? Next choose one specific anxiety disorder to reflect...
please answer in simple words
OPTION 1) Using what you learned about activity based costing (ABC) in this week's readings, identify and discuss 3 to 5 items that have to be considered when organizations decide to use ABC and must identify drivers relevant to their industry and type of business.
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