User Account

All Pages

Describe the three guidelines for costing system refinement

Assignment Help Accounting Basics
Reference no: EM131038849

Activity based costing (ABC) systems look at the underlying activities that drive costs within organizations and use these to assign costs. The use of ABC in organizations presents a unique way to reduce overall costs and better track the costs that arise within the overall process.

Consider these problems related to cost accounting and in a 1-2 page Word document, address the following points. Be sure to proofread your work prior to submitting to the drop box.

Describe the three guidelines for costing system refinement.

Explain what an activity based approach to designing a costing system would entail and contain.

Describe the four levels of cost hierarchy. Why is it important to classify costs into each of the hierarchies?

Explain the main costs and limits to implementing ABC systems.

Why might management worry about over costing or under costing products? What would be the impact to the overall organization if this occurs?

Reference no: EM131038849

Questions Cloud

What constitutes cruel and unusual punishment : What constitutes cruel and unusual punishment? What issues did the Supreme Court justices consider as they answered these questions?
Determining the sums of payments : Some economists have argued that if the government wishes to subsidize health care, it should instead provide predetermined sums of payments (based on the type of health care problems experienced) directly to patients, who then would be free to ch..
Contrast the differences inhealth maintenance : How can I Compare and contrast the differences inhealth maintenance, health protection, and health restoration among the cultures of Holland, Dominican Republic, and Poland versus United States
What are the ramifications for the person wearing it : What happens to the character wearing the hoodie at that particular moment? Is that moment significant? What are the ramifications for the person wearing it?
Describe the three guidelines for costing system refinement : Activity based costing (ABC) systems look at the underlying activities that drive costs within organizations and use these to assign costs. The use of ABC in organizations presents a unique way to reduce overall costs and better track the costs th..
Inventory cost money although : Inventory cost money although is also can be viewed as ‘necessary evil'. Amazon had a very innovative ways on how to reduce cost in term of inventory. Explain how Amazon.com able to provide a large variety of books and music with less safety inven..
What assignment is the best demonstration of your diversity : Taking a look back at work you have completed for courses thus far, what assignment is the best demonstration of your diversity expertise? Identify and submit the best example of diversity you have as your assignment.
Contribute to resilience for health care consumers : Discuss the concept of resilience, including factors that contribute to resilience for health care consumers and health professionals. For this assessment you are required to:
Problem regarding the government intervention : How has organizing a successful firm in a market economy changed over the last century? a) There has been no change over the last century. b) It has become easier as more and more firms discover how to do it.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd