Which of the statements is true of activity-based costing

Assignment Help Accounting Basics
Reference no: EM132697814

Problem 1: Which of the following statements is true of activity-based costing?

A) In activity-based costing, direct labor-hours is always the best allocation base to allocate all non-manufacturing indirect costs

B) The main advantage of activity-based costing over peanut-butter costing is the accurate distribution of all direct costs to the products.

C) Activity based costing broadly averages or spreads the cost of resources uniformly to cost objects such as products or services.

D) Activity based costing is more useful to companies with high product diversity than companies with single product line

Reference no: EM132697814

Questions Cloud

Discuss what talent management : Discuss what talent management is and why it is a consideration addressed by a growing number of employers.
Which is not an eligibility requirement for the premium tax : Which is NOT an eligibility requirement for the Premium Tax Credit? Purchase coverage directly on the individual market. / Household income within certain range
Dynamic-Bridge or Strong-Willed Learner : Identify whether you are a Dynamic, Bridge, or Strong-Willed Learner.
How did the ideas or changes affect the establishment : How did the ideas or changes affect the establishment and status quo? What was the context in which this person proposed ideas/change
Which of the statements is true of activity-based costing : Which of the statements is true of activity-based costing? In activity-based costing, direct labor-hours is always the best allocation base to allocate
Calculate the return on owner equity as a percentage : Calculate the return on owner's equity for 2019 as a percentage. Net Income $74680, Owner's Equity 1/4/2019= $842,000 and Closing Owner's Equity at 31/3/2020
Implementing proper security controls : According to the authors, privacy and security go hand in hand; and hence, privacy cannot be protected without implementing proper security controls
Differences between left and right wing extremism : Discuss the differences between left and right wing extremism. What is critical infrastructure and key resources?
Prepare journal entries to record the purchases and sales : Bascomb Company purchased $420,000 in merchandise. Prepare journal entries to record the purchases and sales assuming Bascomb uses a perpetual inventory system.

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.

  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!

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