What activity-based-management is

Reference no: EM132082455

Question: 1. Understand what ABC is, why it is used, and how it differs from the traditional volume-based cost systems.

2. Know how to apply ABC to assign indirect costs to products or services. This includes

- identifying and classifying activities and assigning indirect costs to those activities; and

- forming cost pools and assigning activities to individual product or services, including selection of appropriate cost drivers.

3. Be able to calculate gross profit under both the traditional volume-based cost system and ABC.

4. Understand what activity-based-management is.

5. Know what TQM and the four types of quality costs are.

6. Know what target costing and JIT are.

Reference no: EM132082455

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