Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Service department charges and activity bases
For each of the following service departments, identify an activity base that could be used for charging the expense to the profit center.
a. Accounts Receivable
b. Central Purchasing
c. Duplication Services
d. Electronic
e. Legal
f. Telecommunications
Concept Introduction:
Activity Based Costing (ABC):
ABC costing method is generally used to allocate the overhead costs to the product using activity rates differently for each activity. Unlike traditional method, the ABC costing method does not use the plant wide overhead rate, rather it used different allocation rate for different production activity.
To Indicate:
The activity base for each activity
The activity base for each activity is explained as follows:
| Activity | Activity Base | |
| Payroll | Number of Employees | The payroll cost should be allocated on the basis of number of employees. |
| Accounts Payable | Amount of Purchases | The Accounts Payable cost should be allocated on the basis of amount of purchases... |
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