Requirement 3. How is the activity-hierarchy helpful to Ellipse Lid in managing ils busihess? The activity-hierarchy can be helpful to Ellipse Ltd in managing its business through: O A. Reducing the number of indirect cost pools, creating less homogeneous indirect cost pools, allocating more indirect costs to cost objects and identifying cost objects at the output unit-level. B. Identifying the cost benefit of implementing a simple costing system. C. Pricing and product mix decisions, cost reduction and process improvement decisions, design decisions, and planning and managing activities. D. All of the above.

Q: 1.Choose all of the following statements that are true. a. Opportunity costs and sunk costs are not…

A: a. Opportunity costs are not shown in the financial statements of companies. While, sunk costs…

Q: 9) Which of the following is true with activity based cost accounting? A) Activity-based costing…

A: Correct option is C c) The focus is on activities that account for a sizable fraction of indirect…

Q: Activity-based costing is preferable in a system: A. when multiple products have similar product…

A: ABC is an accounting method that is used to trace the total cost of activities necessary to make a…

Q: ent should focus its sales and production efforts on the product or products that will provide the…

A:

Q: [4] Product costing provides useful decision-making information in relation to all of the following…

A: Since you have posted multiple questions, we will do the first one for you. To get the remaining…

Q: Lancelot Group of Companies would like to estimate its cost function for proper cost management…

A: cost function is a function that uses the formula in order to predict the cost that will be…

Q: Customer profitability analysis allows managers to do which of the following: a. Identify the…

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

Q: 1. Indirect costs can be allocated to a cost centre if they: A. Can be identified wholly with the…

A: • Indirect Cost are such cost which cannot be directly traced to individual products. Example:…

Q: Which of the following statements is true of activity-based costing? O a. Activities are the cost…

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

Q: First: To achieve accurate costing, a high degree of correlation must exist between the cost driver…

A: Introduction:- Activity based costing allocate manufacturing overhead costs to products in a more…

Q: 2) Refining a cost system requires: A) classifying as many costs as indirect costs as is feasible B)…

A: Refining a cost system means making some modifications to simple costing system that includes direct…

Q: Cost centers are used for profit control

A: 4.False 5.True

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: Activity-based costing is preferable in a system when multiple products have similar product…

A: Under activities based accounting, the overhead cost is applied to different activities differently.…

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: Mastery Problem: Contribution Margin, Cost-Volume-Profit Analysis and Break-Even Point (Overview)…

A: SOLUTION  VARIABLE COST IS THE COST WHICH CHANGES WITH THE CHANGES WITH OUTPUT. VARIABLE COST PER…

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: Discuss the concept of total cost management (TCM) model and its importance to BPO in identifying…

A: Total cost management (TCM) is a concept which aims at understanding the costs of an organization…

Q: ABC systems Select one a. will limit cost drivers to units of output O b.comply with CAAP c…

A: ABC system is used to control the inventory. Materials are classified as A, B and C according to…

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: 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: Which of the following are considered to be benefits of activity-based costing (ABC)?   1. More…

A: Activity based costing means where the product is valued on the basis of actual direct material ,…

Q: e target cost per unit for the new product.

A: Total Target profit Cost of investment * Desired rate of return RM400000 * 11% = RM44000…

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: Contrast​ activity-based costing​ (ABC) with​ activity-based management​ (ABM).       Question…

A: ABC system of cost accounting is based on activities , which are considered any event, unit of work…

Q: Discuss cost functions and assess the importance of causality in estimating cost…

A: Cost Function which are explained in the cost Accounting which can be determine the mathematical…

Q: A range of costing methods have been considered in the module. Which of the following statements is…

A: Following is the answer to the given question

Q: 1. What are the three primary reasons of using a standard cost system? In a business that routinely…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Which of the following are features of lean manufacturing? Yes or NO a. Maintaining excess…

A: Lean manufacturing is one of the principles used by the manufacturer in order to cut the cost or to…

Q: 3) Which of the following statements about activity-based costing is NOT true? A) Activity-based…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: 2. For purposes of making decisi

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

Q: a) Calculate the product cost using a Traditional and ABC approach. b) Discuss and analyse…

A: Cost per unit under Traditional costing system: Particulars Product A Product B Product C Product…

Q: Kwami Williams and Emily Cunningham of MoringaConnect must understand manufacturing costs to…

A: Manufacturing costs:   It is the aggregate cost incurred by a business to produce goods in a…

Q: 2. Management felt that because the data revealed some customers require a disproportionate share of…

A: Activity based costing is the allocation of overhead cost on the basis of the most appropriate cost…

Q: performance evaluation

A: Performance evaluation means many things to many people. It is a measurement process; it is an…

Q: Consider the following statements concerning ABC (activity-based costing) and ABM (activity-based…

A: Activity-based management (ABM): Under this approach management aims to maximize the value-adding…

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.