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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
Why are time-based depreciation methods used more frequently than activity based methods?
Time-based depreciation methods are more frequently used than activity-based methods because they offer simplicity and consistency in accounting. These methods, such as straight-line or declining balance, allow for predictable expense recognition over an asset's useful life, making financial reporting easier for businesses. Additionally, they align well with the matching principle in accounting, ensuring that expenses are matched with revenues generated during the same period. In contrast, activity-based methods can be more complex and difficult to implement, as they require detailed tracking of usage or activity levels.
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
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
