Explain why each activity has value added or non-value added. Activity Classification a. Inventory control - Non-value-added b. Purchasing - Non-value-added c. Receiving - Non-value-added d. Employee training - Non-value-added e. Machine setups - Non-value-added f. Brewing - Value-added g. Packing and shipping - Value-added Thank you for answering:)

Explain why each activity has value added or non-value added. Activity Classification a. Inventory control - Non-value-added b. Purchasing - Non-value-added c. Receiving - Non-value-added d. Employee training - Non-value-added e. Machine setups - Non-value-added f. Brewing - Value-added g. Packing and shipping - Value-added Thank you for answering:)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 6DQ

See similar textbooks

Similar questions

Explain briefly why each activity has value added or non-value added. Activity Classificationa. Inventory control - Non-value-addedb. Purchasing - Non-value-addedc. Receiving - Non-value-addedd. Employee training - Non-value-addede. Machine setups - Non-value-addedf. Brewing - Value-addedg. Packing and shipping - Value-added Thank you for answering:)
Which of the following are features of lean manufacturing? Yes or NO a. Maintaining excess inventory to ensure that products will always be available b. Cross-training of employees c. Giving employees additional authority and responsibility d. Product-oriented layout e. Increased setup time
The purpose of costing are as follows EXCEPT: a) Value inventory b) Record costs c) Price products d) Make decisions e) Formulate a balance sheet Make decision Price products Value inventory Record cost All of the above
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designer
T account for work in process, finished goods inventory and cost of sales. Please show computations
Compute It can use ABC information for what decisions? a. Cost cutting b. Pricing c. Product mix d. Items a, b, and c are all correct.
d. What was the cost of products completed during Febuary? e. What was the balance of the Work-in-Process Inventory account at the end of Fabuary? f. What was the operating profit for Febuary? Any over- or underapplied overhead is written off to Cost of Goods Sold? Please provide an explanation it would be of great help with my learning. Thank you <3
From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences:a. Advertising costs are usually viewed as (period, product) costs.b. Feedback is often used to (improve, direct) operations.c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses).d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object).e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory).f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs.g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
Which of the following is the best definition of product costs? a. Product costs are those costs that change with changes in the level of product activity, over a defined period of time. b. Product costs are the costs associated with unsold products retained in stock. c. Product costs are overhead costs that are allocated over a number of products of the business for which costs are to be determined d. Product costs are those costs associated with goods or services purchased, or produced, for sale to customers
Question Content Area Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs? a. They are used to estimate the cost of inventory. b. They are used to control costs. c. They are used to indicate where changes in technology and machinery need to be made. d. They are used to plan direct materials, direct labor, and variable factory overhead.
Which of the following is not a key difference between front office and back office? Select one: i. Back office aims at cost reduction. iii. Back office helps in increasing demands and sales. iv. Front office has direct involvement and interaction with customers. v. Front office main duty is selling and interacting with the clients of the company. vi. Front office is a section which directly interacts with customers.
. A company that uses a just in time inventory system: A) has finished goods inventory on hand at all times in order to speed up shipments of customer orders. B) may find that having less inventory actually leads to increased customer satisfaction. C) assesses its value chain to create new value-added activities. D) adopts a systematic, problem-solving attitude