Some costs are difficult to assign through this method of cost accounting. Indirect costs, such as management
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Question:
Some costs are difficult to assign through this method of cost accounting. Indirect costs, such as management and office staff salaries are sometimes difficult to assign to a particular product produced. For this reason, this method has found its niche in the manufacturing sector.
Research the Internet and discuss Activity-Based Costing.
-Explain what it is and how it differs from Job costing.
-Explain why “true” product costs have only minor importance in final market price determination.
-Define and give an example of a “cost object”, “activity” and “resources.”
-Define “cost driver” and give 4 examples of activity cost pools and an appropriate cost driver for each.
Expert Answer:
Activity based costing This is a type of costing which identifies the different activities in an org... View the full answer
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