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Describe the key features of activity-based costing?
A key feature of activity-based costing is realizing that the value of a product changes as it is being produced. This would mean that raw materials should cost less than the finished product. For example, a dress starts out as just a piece of material, but after it is sewn together, it has more worth than when it started.
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 is the main difference between activity based costing and attribute based costing?
activity based costing does not promote TQM(total quality management) and continuous improvement but attribute based costing promotes the both.
Does Toyota use Activity based costing?
yes
Who develop activity based costing?
Activity-based management and activity-based costing (ABM/ABC) have brought about radical change in cost management systems. ABM has grown largely out of the work of the Texas-based Consortium for Advanced Manufacturing-International (CAM-I). No longer is ABM's applicability limited to manufacturing organisations. The principles and philosophies of activity-based thinking apply equally to service companies, government agencies and process industries. The acronym itself has evolved from ABC to ABCM (activity-based cost management) to ABM, and the application of ABC evolved from a manufacturing product costing orientation to a management philosophy of activity management applied in industries and organisations other than manufacturing.
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
Why is Paranormal Activity 2 based on a true story and Paranormal Activity is not?
None of the Paranormal Activity movies are based on a true story.
Activity based accounting?
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.
What activities does activity based management encompass?
ABM strategically incorporates activity analysis, activity-based costing (ABC), activity-based budgeting, life cycle and target costing, process value analysis, and value-chain analysis.
Describe the key features of activity-based costing?
A key feature of activity-based costing is realizing that the value of a product changes as it is being produced. This would mean that raw materials should cost less than the finished product. For example, a dress starts out as just a piece of material, but after it is sewn together, it has more worth than when it started.
Where can I get a design logo?
The cost of getting a design logo for your new business website is going to vary based upon what feature you would like, how big it is , and how many sites it will be placed on.
What can you infer about volcanic activity based on the location of copper deposits?
What can you infer about volcanic activity based on the location of copper deposits?
How are monitor categorized based on the color feature?
pixel
What detects cell activity in a cell?
A strategy for activity-based enzyme detection using a novel enamide-based chemical strategy is described. Enzymatic cleavage of an amide.
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 is the main difference between activity based costing and attribute based costing?
activity based costing does not promote TQM(total quality management) and continuous improvement but attribute based costing promotes the both.
Is zinc less reactive with potassium based from activity series of metals?
Yes, zinc is LESS reactive than potassium based on the activity series.
