Reference no: EM133247754
Question 1: Explain the meaning of cost behavior, and define and describe fixed and variable costs
Question 2: Define and describe mixed costs
Question 3: Discuss mixed costs into their fixed and variable components
Question 4: Explain the difference between absorption and variable costing
Question 5: Describe the differences between job-order costing and process costing, and identify the types of firms that would use each method
Question 6: Compute the predetermined overhead rate, and use the rate to assign overhead to units or services produced
Question 7: Identify and set up the source documents used in job-order costing
Question 8: Describe the cost flows associated with job-order costing
Question 9: Explain why functional (or volume)-based costing approaches may produce distorted costs
Question 10: Explain how an activity-based costing system works for product costing
Question 11: Describe activity-based customer costing and activity-based supplier costing
Question 12: Explain how activity-based management can be used for cost reduction