Discuss the advantages of activity-based costing.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
ABC allows managers to assign costs to activities and products more accurately than standard costi...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The basic ideas justifying the use of activity based costing (ABC) and activity-based budgeting (ABB) are well publicized, and the number of applications has increased. However, there are apparently...
-
The senior executives at your company have heard of Activity Based Costing (ABC) but are unsure about what it means. They have asked you to explain the benefits of ABC compared to the existing...
-
Briefly discuss the features of Activity based costing system. (15 marks)
-
Evaluate the geometric series or state that it diverges. 8 00 k=0 2k 75
-
A sinusoidal EM wave has an electric field amplitude Em = 32.0 mV/m. What are the intensity and average energy density?
-
Find an appropriate graphing software viewing window for the given function and use it to display its graph. The window should give a picture of the overall behavior of the function. There is more...
-
The CFO of your firm has asked you for an approximate answer to this question: What was the increase in real purchasing power associated with both 3-month Treasury bills and 30-year Treasury bonds?...
-
Helen obtained an insurance policy insuring her life and naming her niece Julie as beneficiary. Helen died, and about a year later the policy was found in her house. When Julie claimed the insurance...
-
33. The dimensions of Resistance is (1) LMT-A-] (2) [L-2M- T A] (3) [L M- T A] (4) [L MT A]
-
For the current year ending December 31, Fromm Industries expects fixed costs of $930,000, a unit variable cost of $53, and a unit selling price of $63. a. Compute the anticipated break-even sales...
-
What is a value stream map?
-
Discuss the disadvantages of activity-based costing.
-
Use the result of Exercise 61 to determine whether the points P, Q, and R are collinear, and if not, find a vector perpendicular to the plane containing them. Data From Exercise 61 Show that three...
-
4. For the graph shown below, describe and compare the instantaneous rate of change at the points indicated. Explain your reasoning.[6] Note: You do not necessarily need to calculate the...
-
Develop profiles of target customers Find out who and where are primary customers are. Create profiles of the main customer types and design a marketing plan and sales campaign to attract them as...
-
2. Strong-Weak Entity Relation What is the difference in the mapping of a strong-weak entity relation and a 1:N relation in regard to the 1. PKs of the resulting relations ? 2. FK of the resulting...
-
On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per share payable to stockholders of record on June 14. The dividends are paid on July 14. The company has...
-
(a) State the put-call parity, and use it to show the almost equivalence of the profit diagrams between a long call and the combination (a long stock & a long put). Assume that each option...
-
What is the effect on assets, liabilities and shareholders' equity of each of the following transactions? Use the notations 'increase', 'decrease' or 'no effect'. 1. Owners of the company contribute...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
What will the following program print when compiled and run? Select the one correct answer. (a) The program will not compile. (b) true|true (c) true|false (d) false|true (e) false|false // File:...
-
The client-server model, a. Is most effective when used as a bus topology, because its deterministic access method avoids collisions and prevents data loss during transmissions. b. Is best suited to...
-
Define IP spoofing.
-
What is a cookie?
-
The income statement of Sundas company shows that the total sales amount is $200,000, a net income of $10,000, and an EBIT of $20,000. The company's balance sheet notes that the total assets set at...
-
Queenie wants to borrow money for some home improvements. He has received several different quotes. Bank A will charge him 14.5% compounded annually, Bank B will charge him 14% compounded monthly,...
-
The value of total assets in Valera inc company equals to 100,000. The balance sheet of the company documents the following values: fixed assets of 50,000, long term liabilities of 20,000, current...
Study smarter with the SolutionInn App