What is the second-stage procedure in assigning costs to products when using an activity-based costing system?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
In an activitybased costing system the secondstage ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
? Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing...
-
What role is played by activities in assigning costs to products using ABC? How does this differ from traditional costing?
-
Manton Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costsequipment expense and indirect laborare allocated to the three...
-
Show the income statement, cash flow statement and balance sheet of the company at 31/12/2020 if: 1. The company start its operations on June 1st, 2020. Over the period, it sells 50 laptop for $400....
-
Spermaceti is a wax obtained from the sperm whale. It contains, among other materials, an ester known as cetyl palmitate, which is used as an emollient in a number of soaps and cosmetics. The...
-
On January 1, 2007 the Mark Corporation purchased bonds with a face value of $500,000 for $475,413.60. The bonds are due December 31, 2009, carry a 10% stated rate, and were purchased to yield 12%....
-
Two bonding agents, \(A\) and \(B\), are available for making a laminated beam. Of 50 beams made with Agent \(A, 11\) failed a stress test, whereas 19 of the 50 beams made with Agent \(B\) failed. At...
-
Bond Price Movements Bond X is a premium bond making annual payments. The bond pays a 9 percent coupon, has a YTM of 7 percent, and has 13 years to maturity. Bond Y is a discount bond making annual...
-
Describe how an automatic sprinkler system can assist firefighters with fire extinguishment, and how does a fire engine connect to pump to the system?
-
The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. O. Tybalt invested $5,000 cash in the business during year 2017 (the December 31, 2016, credit balance of the O....
-
Describe general levels of cost hierarchy in activity-based costing systems.
-
What type of company needs an activity-based costing system?
-
Floyd's Bumpers has distribution centers in Lafayette, Indiana: Charlotte, North Carolina; Los Angeles, California; Dallas, Texas; and Pittsburgh, Pennsylvania. Each distribution center carries all...
-
Ramon had AGI of $188,000 in 2023. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable...
-
What will display when the following code is executed? Do not worry about line breaks as Canvas does not allow me to include line breaks in answers. x = range(2, 7, 2) for n in x: print(n, "ghosts")
-
Colt Company produces two skateboard models. Machine time per unit for Hero is two hours and for Flip is one hour. The machine's capacity is 1,620 hours per year. Colt can sell up to 512 units of...
-
3. As an IT manager, you need to host a web service as part of your duty. You need to decide between choosing Server A or Server B to host a Cloud service. Server A contains 4 high-power 4-GHz...
-
The following information was compiled by Kingbird Company: Expected volume of production 105,000 units Actual level of production 99,000 units Budgeted fixed overhead $210,000 Actual fixed overhead...
-
Find the component of the vector F = (2, 1, 3) in (a) The i direction (b) The direction (c) The direction (4, 2, 1)
-
Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19 year-old nanny $125 per week for 48 weeks during the current year. a. What is the employers portion of...
-
During January 20x5, P Co performed due diligence tests on S Co. On 1 February 20x5, P Co completed the purchase of 80% of S Co from V Co, the existing owner of S Co. The following expenditures were...
-
Why is it important to have a balance between the three elements of behavioral controlculture; rewards and incentives; and, boundaries?
-
Discuss the relationship between types of organizations and their primary means of behavioral control.
-
Boundaries become less important as a firm develops a strong culture and reward system. Explain.
-
a) Give one reason why local Pakistan bus businesses could benefit from Pakistan's crisis. b) Give one reason why local bus businesses could be hurt by the Rupee crisis.
-
A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice a stock that has an assumed growth rate of 5.43% with a dividend payout ratio of 64.9%...
-
What would be the volume ( cm 3 ) of a piece of Styrofoam if it had a mass of 3 5 0 g , no matter its shape? Show calculation.
Study smarter with the SolutionInn App