How does activity-based costing differ from the traditional costing approach?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
The traditional costing approach typically uses allocation bases that are measures of production volume eg direct labor hours direct labor cost or machine hours Also few cost pools are used under the traditional approach eg one or two cost pools ABC focuses on major activities that cause overhead costs to be incurred Many of these activities are not related to production volume Cost pools are formed for each major activity and costs are assigned to products using an allocation base ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
How does the expectations-augmented Phillips curve differ from the traditional Phillips curve? According to the theory of the expectations-augmented Phillips curve, under what conditions should the...
-
How does activity-based costing differ from traditional costing methods? On what type of cost does activity-based costing focus?
-
How does activity-based costing differ from traditional costing systems?
-
The data below provides weekly sales for the past 12 weeks (weeks 21-32). Week Sales 21 4,000 22 3,655 23 3,958 24 3,983 25 4,538 26 4,120 27 4,692 28 4,421 29 4,859 30 5,030 31 5,540 32 5,670 Use a...
-
The truncated hollow cone shown in Figure P2-123 is used in laser-cooling applications and is constructed of copper with a thickness of 0.5 mm. Calculate the thermal resistance for one-dimensional...
-
Evaluate the expression (-4-2i)(-4+42) and write the result in the form a + bi. The real number a equals The real number b equals
-
Help for Insomniacs A recent study shows that just one session of cognitive behavioral therapy can help people with insomnia. In the study, forty people who had been diagnosed with insomnia were...
-
Superal Corp. authorized 100,000 shares and issued all of them during its first six months in operation. Avril purchased 10,000 of the shares (10 percent). Later, Superal reacquired 10,000 of the...
-
Image transcription text KSBN 101754Z 32011KT 10SM BKN018 BKN022 OVC036 17/12 A2997 RMK A02 SLP147 TO1670122 10167 20133 50012 $ BKN018 BKN022 0VC036 10167 20133 50012 $ KMDW 101753Z VRBO4KT 10SM...
-
Fundamentals of Income Tax 2019 Owen (SIN 805 232 105) and Sonja (SIN 805 232 212) Cornell are married. They live at 2621 River Road, Your City, YP, P0M 1B0, phone number 983-2425. Owen was born on...
-
Briefly explain how traditional methods of allocating overhead to products might underallocate costs to low-production-volume products.
-
When would activity-based costing give more accurate costs than traditional costing systems?
-
Suggest other methods for developing motivation-based shopping orientations.
-
Explain the effects a learning organization may have on employees in todays organizations. What are the HRM implications of these effects?
-
How would you put together an ad that would attract the right people for the job?
-
Performance appraisal should be multifaceted. Supervisors should evaluate their employees, and employees should be able to evaluate their supervisors. And customers should evaluate them all. Do you...
-
Describe MBO, its advantages and disadvantages.
-
Describe the role HRM plays in orientation.
-
What is the order of elution of proteins on a gel-filtration column? Why is this so?
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
For each of the accounts for Shady Oaks (payroll expense and accounts payable in items 1 and 2 above) identified to be a significant risk: a. Determine the relevant assertions. b. Describe a...
-
What is meant by an activity base when dealing with variable costs? Give several examples of activity bases.
-
Distinguish between (a) A variable cost, (b) A mixed cost, (c) A step-variable cost. Plot the three costs on a graph, with activity plotted horizontally and cost plotted vertically.
-
Distinguish between (a) A variable cost, (b) A mixed cost, (c) A step-variable cost. Plot the three costs on a graph, with activity plotted horizontally and cost plotted vertically.
-
1. Raman purchases a motor car from Bharathan whose cash price is Rs. 56,000 on 11.93. Rs. 15,000 is paid on signing the contract and the balance is to be paid in three equal annual instalments of...
-
Write a function that takes in a value x, a value el, and a list and adds as many el's to the end of the list as there are x's in the list. Make sure to modify the original list using list mutation...
-
Our office building has a total square footage of 120,000 square feet.We have 9 tenants in the building and no vacancies.The total square footage of the tenant spaces is 105,000.A) What is the Load...
Study smarter with the SolutionInn App