Classify the following activities as per their respective categories under quality cost or as per value chain:                           1.Communication, pricing and channel management   2.Installation, repairs and replacement   3.Planning and management   4.Inputs in to final product

Q: the actual use of an Activity-based costing system should be informed by two essential lessons,…

A: This question tells about the actual use of an Activity-based costing system :

Q: Give two examples of nonfinancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: Explain the meaning of the cost of quality and the classification of the cost of quality

A: Cost accounting system is a framework that guides the firm to calculate their cost and helps in…

Q: Classify the following cost drivers as structural, executional, or operational.

A: Classification of cost derives: Classification 0f the given cost drivers as structural, executional,…

Q: Which of the following is the proper sequence of events in an activity-based costing system? A.…

A: Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect…

Q: Cost management information should be timely and accurate. Which of these attributes is…

A:

Q: goals of a total quality management process include all of the following except

A: Goals of a Total Quality Management process include all: (A) Better inventory control. (B)…

Q: Explain what activity-based costing is, and a brief explanation regarding how ABC improves the…

A: In costing their are different types of overheads and also different types of methods to allocate…

Q: management consider in determining the amount of onvestment in ma

A:

Q: Explain the role of value engineering in target costing.

A: Value engineering’s main motive is to reduce the cost and to provide good quality products that will…

Q: Comprehend and Apply the elements of costing to the process environment.

A: Process Costing is used for industries involving continuous production of goods having same…

Q: Explain activity-based product costing.

A: Activity-based costing (ABC) would be a costing technique that assigns overhead and indirect costs…

Q: prepare a rea model depicting the issuance of raw materias into the manufacturing process. identify…

A:

Q: Pre-determined costs are future costs which are ascertained in advance of production on the basis of…

A: Cost accounting is the accounting of the cost incurred during the accounting period. This helps the…

Q: Define the term total quality management.

A: Managerial accounting: Managerial accounting is the process of identifying, measuring, analyzing,…

Q: Explain the difference between the engineered-cost and discretionary-cost approaches to…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: What is costing system refinement? Describe three guidelines for refinement.

A: Broad averaging is also known as peanut butter cost is a costing approach of distributing the…

Q: Describe how life-cycle costing facilitates strategic management.

A: Life cycle costing:   Life cycle costing is an economic analysis used by the selection of…

Q: Product Design essentially involves Value Engineering'. A 'Value Engineering' is performed through…

A: Value engineering in product design: Value engineering is a cost reduction strategy aims to produce…

Q: Discuss several ways in which standard-costing systems should be adapted in today’s manufacturing…

A: Below are some of the ways in which standard-costing systems should be adapted in today's…

Q: How we can improve control function using standard costing

A: Standard costing is the process of reporting or showing differences between actual costs incurred…

Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Describe ways the production cost report can be used by management.

A: Production Cost Report: A report which gives information about the total units produced and total…

Q: Define standard costs and briefly indicate how they may beused by management in planning and…

A: Standard costs: Standard costs are the per-unit cost that is expected to be incurred under normal…

Q: In order to evaluate cost information managers must be able to distinguish between relevant costs…

A: Relevant cost refers to the cost which is usually incurred by lower management in an organization…

Q: The following statements are correct objective of cost accounting except:   Ascertainment of cost…

A: Answer: Objective of Cost accounting includes: Ascertainment of cost: It means to calculate the…

Q: Explain the ethical considerations to be taken care of, while maintaining costing records.

A: Cost accountants are responsible for all internal accounting data within a company. These people are…

Q: Total Quality Management (TQM) is founded on the premise that an organisation must continuously…

A: Prevention costs are the costs incurred as a result of working to reduce poor quality. Examples…

Q: rovide a detailed description of the decision-making process i

A: Decision-making process: Decision making can be defined as the process of making choices through the…

Q: List and describe the four components of the cost of qualityand provide examples of each.

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Q: What are the three main uses of quality cost reports?

A: The different cost associated with quality are Prevention cost, appraisal Cost, Internal Failure…

Q: (Appendix 11A) Which of the following would be classified as an appraisal cost on a quality cost…

A: Appraisal cost can be defined as the cost incurred by a company to keep up to the expectations of…

Q: Distinguish between the qualities and aims of cost accounting, as well as between the nature and…

A: The question deals with the qualities and aims of cost accounting, as well as between the nature and…

Q: What is the primary goal of the cost-of-production report? What is the purpose of these reports in…

A: Cost-of-production report is a statement which shows all the production related costs within a…

Q: Identify and discuss the four kinds of quality costs.

A: Remediating item gives identified with quality. Quality expenses don't include basically overhauling…

Q: Describe value engineering and its role in target costing.

A: Value engineering is a cost management method that re-examines the activity of the production to…

Q: Describe three guidelines for costing system refinement.?

A: Definition:   Cost system refinement: Cost system refinement associates the overhead cost of…

Q: List and define the four types of quality costs.

A: Definition:   Product costs: Product costs are the costs which are incurred in the production of the…

Q: Why is target costing most effectively applied at the researchand development and production process…

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