Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Outline of an ABC System
An ABC costing system operates like given:
Step 1
Find out an organization's major activities.
Step 2
Find out the factors that identified the size of the costs of an activity/cause of the costs of an activity. These are identified as cost drivers. See at the given examples:
Activity
Possible cost driver
Ordering
Number of orders
Materials handling
Number of production runs
Production scheduling
Dispatching
Number of dispatches
For those costs that vary along with production levels in the short term, ABC employs volume-related cost drivers as like machine or labour hours. The cost of oil employed a lubricant on the machines would hence be added to products on the basis of the number of machine hours as oil would have to be employed for each hour the machine ran.
Step 3
Collect the costs of all activity into what are identified as cost pools or equivalent to cost centers beneath more traditional costing methods.
Step 4
Charge support overheads to products upon the basis of their usage of the activity. A usage of usage of an activity is measured via the number of the activity's cost driver it generates.
Advertising expense $17,200 Wages expense-assemblers 36,840 Depreciation expense-machines 21,480 Utilities expense-factory 21,120 Wages expense-lathe operators 23,480 Repair expens
Learning Objective: After completing the project, the student will have gained familiarity, understanding and mastery of programming a realistic but simple application in Assembly
Goal Congruence - Behavioural Aspects of Standards A perfect variance analysis and standard costing system must enhance goal congruence between as: i. The goal of individua
Kenner company produces two products: SR200 and TX500. Budged sales for four months are as follows; SR200 TX500 May 8,000 20,000 June 13,000 32,000 July 11,000 39,000 August 18,000
Give Annual report project: You will pick a publically trade company to do the analysis on with approval of the professor . the following is an outline of what should be in th
The following standard costs were developed for one of the products of Ferrars Company: Standard Cost Card Per Unit Materials: 4 feet x $14.25 per foot $ 57.00 Direct labor: 8 hour
when one firm purchase other and take over its all assets.balance sheet of absorbed firm shows goodwill,should we goodwill as well?
A company has an authorized share capital of 250 million divided into 1,500,000 ordinary shares of sh.100 each and 1,000,000 preference shares of sh.100 each. 1,000,000 ordinary sh
Developing and Insight into Labour and Material Variance The calculation of labour and material variances is not sufficient; we require knowing how the variance could have typ
Wayne Company's beginning and ending inventories for the month of June were as follows: June 1 June 30 Work in progress $145,000 171,000 Finished Goods 85,000 78,000 Production
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd