atch each item with the correct statement below. A process that answers the question "How many people perform the activities?" Drag answer here Costs necessary to perform value-added activities with perfect efficiency Drag answer here Resources consumed by the activity in producing its output Drag answer here The number of times an activity is performed Drag answer here Result or product of an activity Drag answer here pick: Activity output measure Activity inputs Activity output Activity analysis Value-added costs

Q: Vhich of the following statements Is true with regard to activity-based costing? Multiple Cholce…

A: Activity Cost: It is a cost-effective method that identifies the activities in an organization and…

Q: Who of the following is an activity-based pricing limitation? Each important action accumulates…

A: Activity based pricing is method where cost is allocated basis the cost drivers.  ABC systems…

Q: REQUIRED:  Compute the weighted units and cost per unit of each product.

A: Weighted Units = Points x Units Cost per Unit = Apportioned Production CostUnits Produced

Q: Which of the following represent the right process order for cost allocation: Select one: O a.…

A: Cost Allocation is the process of identifying and assigning costs to the various cost objects. These…

Q: In developing an ABC system, what is the last step? Identify the primary activities and estimate a…

A: The question is based on the concept of Cost Accounting.

Q: Which is an allowed method to measure progress towards complete satisfaction of a performance…

A: The performance obligation (PO) is satisfied through transferring the promised good or the service…

Q: 1.An activity that has a direct cause-effect relationship with the resources consumed is a(n) Group…

A: In activity based costing the cost are apportioned based on the respective cost drivers

Q: For costs that vary with production level in the short term, the cost driver will be: a. Service…

A: Solution- Under Activity Based Costing, the costs are classified as short term variable costs and…

Q: Which of the following is the best example of a unit-level activity? Select one: O a None of the…

A: Unit level activity are the activities which can relates with the per unit produced. It can be…

Q: Requirement 3. How is the activity-hierarchy helpful to Ellipse Lid in managing ils busihess? The…

A: Activity hierarchy is also known as cost hierarchy. It is a classification used to allocate the cost…

Q: When materials and supplies are used in a product that will be sold to customers, the usage of the…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :…

Q: In the Interesting box, write down how each costing method would contribute in achieving the main…

A: First-in First-out method (FIFO) method: It is a method of pricing the issues of materials, in the…

Q: Activity-based costing tends to pass the cost-benefit test for companies with  A. Operations that…

A: Activity based costing is a type of costing system in which costs are assigned or allocated to all…

Q: The marginal cost is: Select one: a. Is the incremental cost of an activity, such as producing a…

A: Marginal cost refers to the additional cost.

Q: Activity-based costing is preferable in a system: Group of answer choices A. when multiple products…

A: ABC (Activity based costing) framework was created to manage the drawbacks of customary costing…

Q: Create a spreadsheet with an output section that: (a) determines the overhead application rate per…

A: There are various overheads costs incurred by the Business entity to Complete the Manufacturing of…

Q: concerning ABC (activity-based costing) and ABM (activity-based management):          i.   ABM…

A: ii.  ABC cannot be used in the service industries    iii. ABC is used in conjunction with ABM…

Q: activity-based costing is preferable in a system a) when multiple products have similiar product…

A: To assign overhead costs to products, the methodology which is used is called Activity-Based…

Q: What are the benefits of Activity-based costing: a.All of the answers are correct b.It assists in…

A: Activity-based costing is a cost accounting method which groups each operation into an activity and…

Q: Select the correct sentence describing life cycle costing (LCC)     Life cycle costing tracks and…

A: Life cycle costing is a system that tracks and accumulates the actual costs and revenues…

Q: APPLY THE CONCEPTS: Determine the total variable cost Costs that change in direct proportion to the…

A: Cost is amount incurred by an entity on various things including daily operations.

Q: Which TWO of the following statements about activity-based costing (ABC) are true? a. Implementation…

A: Activity-based costing suitable when: A variety of products are created Overhead accounts for a…

Q: Specify the cost behavior with the level of activity in an organization. Relate it with ABC costing…

A: Cost behavior is an indication of how a cost will change with the number of units for the activity.

Q: What is time-driven activity based management (TDABC)

A: TDABC stands for time-driven activity-based costing. It is a costing method based on activity and…

Q: a. Calculate the total units to be accounted for. = b. Calculate the Equivalent Units of Production…

A: Total units to be accounted for equals the sum of beginning work in process units and units placed…

Q: ?Which one of the following is not correct regarding activity-based costing Activity-based costing…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following statements is true? Select one: O a. The most complex of the cost estimation…

A: High-low method: It is the method of estimating the variable cost per unit and the fixed costs by…

Q: You have been asked by management to classify the costs associated with the start-up of this new…

A: SOLUTION- CLASSIFICATION OF COST- IT MEANS SEPARATION OF EXPENSES IN THE DIFFERENT SECTORS AS LIKE…

Q: Value streams are useful in decision-making because:   Multiple Choice   Special orders can be…

A: Decision-making means the best choice for making a plan. If there are no other options, at that…

Q: Please read the directive and questions carefully and answer the questions as follows. Use the…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: If JIT manufacturing is used and each manufacturing cell produces a single product, which of the…

A: The costs incurred in the manufacturing process can be classified as direct or indirect cost. The…

Q: In Activity-based costing, completing the design work of a new smartphone model is considered: O a.…

A: Activity based costing is a type of costing system in which all indirect costs or overheads are…

Q: PLEASE ANSWER ALL   4. A cost management system will provide the means to develop a. The most…

A: Cost management is the system to manage the Cost ( Plan and control )

Q: a) Compute contribution margin per pound of material for each product. (b) If demand is limited,…

A: Contribution Margin per Limited resource Contribution margin per unit of limited resource is…

Q: Reduced time-to-market, reduced expected service cost, and ease-of-manufacture are critical success…

A: Cost life cycle is the procedure of combining together all the costs that are to be used starting…

Q: Activity Based Costing Give your answers to the following questions;  Why do product costing…

A: 1. Product costing system based on single rate of predetermined overhead  Manufacturing overhead…

Q: Using ABC product cost information when considering reducing cost, which of the following would not…

A: Activity cost reduction can be attained in two ways: 1) Improve operation so that the activity -…

Q: Course Objectives:   Compute sales units given operating income, selling price and variable cost…

A: Break-even point: A breakeven analysis is a calculation of the point at which revenue equals…

Q: Which of the following statements is true with regard to activity-based costing? Multiple Cholce…

A: Activity-based costing is a method of costing that identify activities in an business and assigns…