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Question - ABC Scavenger Hunt
1. What year was Activity Based Costing first introduced? What was the occasion or publication?
2. Robert S. Kaplan and William J Bruns are considered to be the "founders" of Activity Based Costing. Briefly explain the background of each founder (3 sentences) about Dr. Kaplan's background and accomplishments (3 sentences) about Dr. Bruns' accomplishments.
3. Using your own words, briefly discuss the main advantages of ABC. (For example, why is ABC considered to be superior to the plantwide rate method?)
4. Again, using your own words, discuss two main disadvantages of ABC. (Why might a company be reluctant to use ABC?)
5. Cite all references used including title, author, page numbers. (URLs are acceptable for internet resources. DO NOT USE WIKIPEDIA as a reference.)
Salter Mining Company purchased the Northern Tier Mine for $32 million cash. Prepare a journal entry to record depletion during the year
dextra computing sells merchandise for 6000 cash on september 30 cost of merchandise is 3900. the sales tax law
Summarize the four phases (in order of their occurrence) in the product life cycle. For each of the four phases, explain the impact of the cycle on a company's cash flow.
1. briefly explain the purpose of the disclosure note on significant accounting policies. provide two examples of what
How much is the total amount of budgeted direct labor for June - Looker Hats is planning to sell 600 felt hats, and 700 will be produced during June
Identify the sponsoring organization of the FASB and the process by which the FASB arrives at a decision and issues an accounting standard.
Depreciation of $7,500 had been taken on the old machine. What is the realized gain and the recognized gain, and how will any recognized gain be treated
Cougar Corp.'s balance sheet includes the following asset: Less: accumulated depreciation (25,000). Calculate the recoverable amount
Comment on the manager's contention.
They are issued at $292,181 and their market rate is 8% at the issue date. Determine the total bond interest expense to be recognized over the bonds' life
the pvc company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.
a few years ago the chariot manufacturing company installed automated robots worth billions of dollars in its auto
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