1) A well-designed activity-based costing system starts with __________. A. analyzing the activities performed to manufacture a product B. assigning manufacturing overhead costs for each activity cost pool to products C. computing the activity-based overhead rate D. identifying the activity-cost pools 2) "Generally accepted" in the phrase generally accepted accounting principles means that the principles __________. A. have been approved for use by the managements of business
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School of Business Department of Accounting and Finance Course Name: Managerial Accounting Course Code & Section No: ACT202 Section: 18 Semester: Fall 2014 Instructor & Department Information 1. Instructor Name: Syed Asif Hossain 2. Office Room NAC 737 3. Office Hours: ST 1:30 - 3:30; MW 10:30 - 12:30; Thursdays By Appointment 4. Office Phone: 5. Email Address: asif.nsubus@gmail.com 6. Department: Accounting and Finance 7. Links Google Drive: https://drive.google.com/folderview?id=0B1JHAN5MllM5WUszSWZ0d3JmRDg&usp=drive_web
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1. Describe when it is appropriate for a company to use a job-order costing system. Answer Job order cost system provides per unit cost of manufactured products. Job order cost system is used by the companies that manufacture custom products for customers or batches of similar products. Job order cost system is used in the companies that offer many different products or services to its customers. Example Industries where job order cost system is used are Furniture manufacturing‚ Apparel manufacturing
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Personal attributes valued by employers I am a careers advice for IT personnel and I have been asked to write out information about personal attributes valued by employers in work document. I will also explain why a technician will need to have these attributes and the qualifications they needs. The qualifications that a technician should have are: ICT Systems Support – PC Maintenance Level 1‚ Certificate or Diploma in ICT Systems Support Level 2‚ Certificate in ICT Systems and Principles Level
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Consumer Preference for Coffee Product Attributes in PPALMA‚ North Cotabato‚ Philippines Author: Michelle Ragocos-Ortez College of Business and Accountancy‚ Southern Christian College‚ Quezon Avenue Poblacion 5‚ Midsayap‚ North Cotabato‚ 9410 Philippines Email: mish_ragocos@yahoo.com Tel: +63 929-187-2390 Co-Author: Ms. Mary Pleasant Natural Resource and Environment Management‚ 1910 East West Road‚ Sherman Lab 101‚ University of Hawaii‚ Honolulu‚ HI 96822‚ USA Email:myounkin@hawaii
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the mechanism of direct labor hours‚ labor dollars or machine hours. Sales‚ marketing and administrative costs are not included in product costs Nowadays many manufacturers and service company find it inappropriate to use direct labor for overhead costing. This is because‚ a lot of companies now ABC) is a method of allocating costs to products and services. It is generally used as a tool for planning and are using computerized system‚ technological innovation‚ global competition‚ and automation. Thus
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Graduate Attribute The technological Institute of the Philippines holds a graduate attribute were every students should attain and adapt before leaving the said institution. This Attributes are the goals posted by the school in where the students should use for their future living. Attributes are: Professional Competence‚ psychology achieved this through using of elements that re connected to our chosen field. Critical Thinking and Problem Solving Skills‚ by essays on examinations and quizzes
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Business Decision Making Q1.1 1.2 1.3 Problem Recognition: consumers recognize a problem as a need or want. Of course‚ the most frequent problem occurs when consumers realize they are out of the product. For example‚ when the gas tank gets near empty‚ or you run out of lunch meat for your sandwiches‚ or when your car is due for maintenance. Problem recognition also occurs when a consumer receives new information about a good‚ service‚ or business. New fashions‚ for example‚ can make people recognize
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Activity-based Costing (ABC) and Activitybased Management (ABM) Implementation – Is This the Solution for Organizations to Gain Profitability? Authors*: Ildikó Réka CARDOŞ‚ Ştefan PETE A bstract. Adherents of ABC/ABM systems claimed traditional management accounting systems generated misleading costs in a contemporary‚ tumultuous‚ often changing business environment and implementing ABC/ABM would remedy this. That is why activity-based costing (ABC) and activity-based management (ABM)
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outcomes (a)Have knowledge and understanding of… - the behaviour of costs; - the techniques and uses of marginal and absorption costing; - the process of budgetary control; - the preparation and interpretation of financial accounting reports b) Skills and attributes. Be able to…. - prepare costing statements using both marginal and absorption costing; - explain the usefulness of such statements for accounting and decision-making; - prepare a cash budget; - explain the process of
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