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Activity based accounting is a process in which factory overhead cost is allocated to different departments based on activity performed by those departments rather based on any predetermined rate.
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What has the author Don R Hansen written?
Don R. Hansen has written: 'Cost management' -- subject(s): Activity-based accounting, Activity-based costing, Cost accounting, Managerial accounting
Activity-based costing is a means of more accurately accounting for direct labor cost?
False. Activity-based costing is used to allocate indirect cost into direct costs.Regardng direct cost, traditional costing is as appropriate as activity-based costing.
What are the stages of accounting for costs?
direct costs,indirect costs,sunk costs, Activity based costing.
An accounting system that collects financial and operating data on the basis of the underlying nature and extent of the cost driver is?
Activity-based costing.
Difference between activity based costing and absorption costing?
In Activity based costing all overheads are charged to function or department based on activities they perform while in absorption based accounting, overheads are apportioned using some kind of base rate like labor hours or machine hours etc.
What has the author John L Daly written?
John L. Daly has written: 'Pricing for profitability' -- subject(s): Managerial accounting, Activity-based costing, Cost accounting, Pricing, OverDrive, Business, Management, Nonfiction
What is accounting one?
cloud based accounting information system
Where are cost accounting systems used?
Cost accounting systems such as activity-based costing (ABC) systems are used primarily in manufacturing environments, but increasingly are being applied to service companies, such as banks, real estate firms, and insurance companies.
What is on-line accounting system?
cloud based accounting information system
Problem relating to the implementation of activity based costing and activity based management system?
Answering "Problem relating to the implementation of activity based costing and activity based management system
One of the accounting concepts upon which deferrals and accurals are based is?
One of the accounting concepts upon which deferrals and accruals are based i
Which principle of accounting to answer accounting is based on tangible evidence?
the business entity principle
