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What are some of the key elements of activity-based costing

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Reference no: EM131226341

Discussion Questions: Managerial Accounting: Tools for Business Decision Making

Question 1: What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively? (answers must be 125-135 words).

Question 2: What are cost drivers? How do cost drivers relate to cost pools? What are some cost pools? Name two or three different cost drivers for each of these cost pools. (answers must be 125- 135 words).

Question 3: What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? (must be 125-135 words)

Reference no: EM131226341

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