Purchase Solution

Discuss ABC Classifications of Activities

Not what you're looking for?

Ask Custom Question

See Excel file attached.

Required: Choose two activities or accounts from each of the four classifications and explain why you agree or disagree with the ABC project team's classification.

Attachments
Purchase this Solution
Solution Summary

The expert discusses ABC classifications of activities.

Solution Preview

ANSWERS

First, a unit level cost is the cost incurred each time a unit is produced while a batch level cost is the cost spent each time a batch of goods produced. On the other hand a product or sustaining level activity is an activity that is performed to support the diversity of the products in ...

Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • Inventory Management for Houts Plastics

    Read more: The Advantages of the ABC System of Inventory Control | eHow.com http://www.ehow.com/list_5915255_advantages-abc-system-inventory-control.html#ixzz1Iwh9QEL7 Solution explains Inventory Management for Houts Plastics: Classifications for ABC

  • Product and Activity Based Costing: Two Activity Example

    As companies began measuring the costs of activities (instead of focusing on the accountant's departmental classifications), they began using ABC cost information to practice activity based management.

  • Cost Accounting

    In order to correctly associate costs with products and services, ABC assigns cost to activities based on their use of resources. It then assigns cost to cost objects, such as products or customers, based on their use of activities.

  • How does ABC costing differ from traditional allocation meth

    What are some of the characteristics of firms generally benefiting from ABC cost allocations? Is ABC just a method of allocating overhead costs? If not, discuss. Q: How does ABC costing differ from traditional allocation methods?

  • For CFO, identify the activities and drivers, measurable

    Provide a list of five of the company's most important (indirect cost-causing) activities and briefly discuss each item. ACTIVITIES 1.

  • ACTIVITY BASED COSTING VS TRADITIONAL COSTING

    What are some of the characteristics of firms generally benefiting from ABC cost allocations? Is ABC just a method of allocating overhead costs? If not, discuss.

  • Activity Based Costing can Benefit Companies

    Performance measures for activities and processes (Valuecreation group) Hence Activity Based Management is managing the activities of the organization by focusing on key activities of the organization. It uses greatly the concept of ABC.

  • Accounting for Management

    The ABMs also support Balanced Scorecard and is considered to be a basis for Business Process Redesign." (4) ABC is a technique of ABM which relates cost to business activities and processes.

  • Activity Based Costing (ABC) for Best Buy: identify two activities for ABC

    201407 Activity Based Costing (ABC) for Best Buy: identify two activities for ABC I need to know if a product or service of Best Buy Co., Inc could use Activity Based Costing (ABC).

View More Related Solutions