Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
El 4-4 Activity bases for service department charges
For each of the following service departments, select the activity base listed that is most appropriate for charging service expenses to responsible units.
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:
| Service Department | Activity Base | |
| a | 6 | Accounts Receivable cost should be allocated on the basis of number of sales invoices |
| b | 5 | Central Purchasing cost should be allocated on the basis of number of purchase requisitions |
| c | 1 | Computer Support cost should be allocated on the basis of number of computers |
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