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True or false direct labor-hours or direct labor cost should not be used as a measure of activity in an activity-based costing system?
Wiki User
∙ 14y ago
False
Wiki User
∙ 14y ago
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Differences between fixed variable budgets?
Variable budgeting is one based on different levels of activity. It is an extremely useful tool for comparing the actual cost incurred to the cost allowable for the activity level achieved. It is dynamic in nature rather than static. By using the cost-volume formula (or flexible budget formula), a series of budgets can be developed easily for various levels of activity. A static (FIXED) budget is geared for only one level of activity and has problems in cost control. Flexible budgeting distinguishes between fixed and variable costs, thus allowing for a budget that can be automatically adjusted (via changes in variable cost totals) to the particular level of activity actually attained. Thus variances between actual costs and budgeted costs are adjusted for volume ups and downs before differences due to price and quantity factors are computed. The primary use of the flexible budget is for accurate measure of performance by comparing actual costs for a given output with the budgeted costs for the same level of output.
How does KFC measure success inside the business?
a tape measure
What is the measure of x if the measure of angle abd is represented by 2x the measure of angle dbc is represented by 5x and the measure of angle abc is 91 degrees?
The answer is 13. x=13 13*5+13*2=91 Thank you.
Which financial ratios are used by banks?
1. Liquidity Ratios - Ability of the company to pay off debt 2. Activity Ratios - How quickly a firm can convert its non-cash assets to cash assets 3. Debt Ratios - Ability of the firm to repay long-term debt 4. Profitability Ratios - To Measure the firms use of its assets and control of its expenses to generate an acceptable rate of return 5. Market Ratios - To Measure the investor response to owning a company's stock and also the cost of issuing stock
How do you measure the achievement the goal of the firm?
C) What is the goal of the firm? Discuss how to measure achievement of this goal?
Is a measure of how often you perform an activity?
The measure of how often you perform an activity is the frequency.
What is used to measure moonquakes?
A seismometer would measure earthquakes, but there is no such activity on the moon to measure.
What is the primary measure used to monitor aggregate economic activity?
The primary measure it looks at is the real GDP, which it considers to be the single best measure of aggregate economic activity.
What does ECG measure?
The electrical activity of the heart.
What is a measure of how often you perform an activity?
frequency
What does the pH of a dilution measure?
pH is a measure of the hydrogen ion (H+) activity in a solution.
Effectives of Standart Costing and Variance Analysis?
Standard costing and variance analysis is used to measure performance in the work place. It an?æeffective tool because it provides feedback to workers, and motivates people to work harder.?æ
What is the difference between Activity-based costing and traditional cost accounting?
Activity-based costing is a more accurate cost management system than TCA. One would use the ABC method when overhead is high, products are diverse, cost of errors high and competition is stiff. Traditional Cost Accounting is unable to calculate the 'true' cost of the product. TCA arbitrarily allocates overhead to the costs of objects. Total company's overhead is allocated to the products based on volume based measure e.g. labor hours, machine hours.
How is an electroencephalogram done?
A measure of brain waves/activity.
What various activity to measure pfstt?
what are the activities of pfstt
Why it is useful to measure the effect of human activity on an environment?
It is useful to measure the effects of human activity so that we can see if they are making the situation worse, over time. If we can see that human activity is damaging the environment, then we can, if we are sensible, do something about it.
How do you measure Anaerobic Microbial activity in soil?
You can measure Anaerobic Microbial activity in soil using Long term stand alone soil flux systems and isotope methods.
