subject
Business, 06.10.2019 03:00 taylorb9893

What is an activity-based approach to designing a costing system? a. an activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. it uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. b. an activity-based approach describes a particular costing approach that uses broad averages for assigning the cost of resources uniformly to cost objects. c. an activity-based approach traces direct costs to a cost object by using the actual direct-cost rates times the actual quantities of the direct-cost inputs. indirect costs are allocated based on the actual indirect-cost rates times the actual quantities of the cost-allocation bases. d. an activity-based approach means making changes that result in cost numbers better measuring the way different cost objects, such as products, use different amounts of resources of the company. these changes require the assignment of costs to direct and indirect cost pools and the use of a single indirect-cost rate.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:50
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
question
Business, 22.06.2019 01:00
An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?
Answers: 2
question
Business, 22.06.2019 04:10
What is the difference between secure bonds and naked bonds?
Answers: 1
question
Business, 22.06.2019 11:00
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
You know the right answer?
What is an activity-based approach to designing a costing system? a. an activity-based approach ref...
Questions
Questions on the website: 13722362