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Which type of cost drivers is most appropriate for most automated processes?
Wiki User
∙ 11y ago
direct cost
Wiki User
∙ 11y ago
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What are some examples of cost drivers in accounting?
Cost drivers are activities that increase the cost of a product. Direct labor and packaging are both cost drivers for products.
What are the cost drivers of activity cost budgeting?
Cost drivers are the actual activities due to which costs incurres like machine setup cost. As many time there is machine setup as many times there is machine setup cost to be incurred.
When is it appropriate to ask how much something cost?
When you are thinking about purchasing.
What are the seven value drivers of Alfred Rappaport?
the seven value drivers are: sales growth operating margin taxation inc investment in fixed assets inc investment in working capital planning horizon cost of capital (usually WACC)
Where you can find new business idea?
Outsourcing your technology requirements is not only a cost-effective solution for your company, but also a way to optimize your outputs. There are numerous technology outsourcing partners in California, Clavax Technologies is one of them, who offer a plethora of services to their clients in leveraging their business processes. The benefits of outsourcing include reduction is cost overheads related to staffing, infrastructure and skills, besides a de-risked environment for your processes.
Cost allocation bases in activity-based costing should be a. cost drivers b. value-added activities c. activity centers d. processes?
C
What are some examples of cost drivers in accounting?
Cost drivers are activities that increase the cost of a product. Direct labor and packaging are both cost drivers for products.
How can manager decrease variable costs while increaseing fixed cost?
This is generally done in areas such as manufacturing where processes can be more automated. By investing in machines and facilities, the fixed costs will increase, but variable labor costs will decrease.
How much do fully automated stairway lifts cost?
Fully automated stairlifts allow the elderly or handicapped to be more independent in their own home. The cost for one of these devices is about $2000 including installation.
How are cost pools and cost drivers related?
Cost pools are assigned to products using cost drivers. The cost drivers measure the number of individual activities undertaken or performed to produce products or provide services.
What are the roles of cost drivers?
Employee headcount and sales person headcount are among the most common cost drivers. Two other cost drivers are sales and the number of leads needed.
What are the three characteristics of activity Based costing?
The important characteristics of ABC are noted below: v 1)Simple traditional distinction made between fixed cost and variable cost is not enough guide to provide quality information to design a cost system. v 2)The more appropriate distinction between cost behaviour patterns are volume(scale) related, diversity(scope) related, events(decisions) related and time related. v 3)Cost drivers need to be identified. A cost driver is a structural determinant of cost related activity. The logic behind is that cost drivers dictate the cost behaviour pattern. In tracing overhead cost to product, a cost behaviour pattern must be understood so that appropriate cost driver could be identified.
What are the characteristics of Activity base costing?
The important characteristics of ABC are noted below: v 1)Simple traditional distinction made between fixed cost and variable cost is not enough guide to provide quality information to design a cost system. v 2)The more appropriate distinction between cost behaviour patterns are volume(scale) related, diversity(scope) related, events(decisions) related and time related. v 3)Cost drivers need to be identified. A cost driver is a structural determinant of cost related activity. The logic behind is that cost drivers dictate the cost behaviour pattern. In tracing overhead cost to product, a cost behaviour pattern must be understood so that appropriate cost driver could be identified.
How much do drivers license cost?
I really dont know how much the cost of our drivers license are, i was told they cost about 60 bucks when your in the united states!
How are cost drivers investigated?
In investigating and specifying cost drivers, many methods are used, such as cause-and-effect diagrams, cost simulations, and Pareto analysis.
Does a toll-free number mean it is automated?
A toll-free number is, in effect, an automated "collect" (reverse charges) call. The call recipient pays the cost of long distance service, although the caller may still pay a local call charge and/or airtime charges. Depending on how the toll-free service is configured, it can be automated with the use of automated voice features or automated-receptionist.
What AIS system that does not meet the cost threshold for a Major Automated Information System?
Acat iii
