Flashcards
ACCT CH7
Flashcards do conjunto (27)
- 1Activities that are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made.Organization-sustaining activities
- 2A measure of the amount of time required to perform an activity.Duration driver
- 3An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool.Activity Measure
- 4Costs computed under ABC are often the same from the costs generated by a company's traditional cost accounting system. True? False?FALSE
are often quite different, not the same - 5This provides useful information to managers concerning the costs of performing overhead activitiesActivity Rates
- 6Activites form the link between ________ and ______ ________costs;
cost objects - 7Benchmarking is based oncomparing the performance in an organization with the performance of other, similar organizations known for their outstanding performance.
- 8Activity-based management involvesfocusing on activities to eliminate waste, decrease processing time, and reduce defects
- 9The most common management reports prepared with ABC data areproduct and customer profitability reports.
- 10The fourth step in the implementation of activity-based costing is called....?Second-stage allocation
- 11First-stage allocations are usually based onthe results of interviews with employees who have first-hand knowledge of the activities.
- 12General ledgers usually.....?classify costs within the departments where the costs are incurred.
- 13Describe Customer-level activitiesCustomer-level activites relate to specific customers and include activites such as sales calls, catalog mailings, and general technical support that are not tied to any specific product.
- 14ABC defines 5 levels of activity that largely do not relate to?The volume of units produced
- 15ABC defines how many levels of activity?5
- 16Which one of the two most common types of activity measures is the more accurate measure of resource consumption?Duration Driver
- 172 most common types of activity measures are?1. Transaction Drivers
2. Duration Drivers - 18In Activity-based costing, many nonmanufacturing costs relate to:selling, distributing and servicing specific products.
- 19In traditional absorption costing, non-manufaturing costs are not assigned to?PRODUCTS
- 20ABC stands for?Activity-based costing
- 21What is an Activity Base?a measure of whatever causes the incurrance of a variable cost
- 22All selling and administrative expenses are treated as what kind of costs?Period Costs
- 23Non-Manufacturing costs include:Selling Costs, Administrative Costs.
- 24Variable Costing Product Costs =DM + DL + VMOH
(All Variable Manufacturing Costs) - 25Tradition Costing Product Costs = ?DM + DL + VMOH + FMOH
(All Manufacturing Costs) - 26FORMULA: Calculate Activity Rates(Total Overhead in the cost pool) / (Total Activity)
- 27Transaction Driversare simple counts of the number of times an activity occurs, such as the number of bills sent out to customers
Informações
- Descrição
- Business Law FlashCards sobre ACCT CH7, criado por Giulietta Oda em 02-11-2016.
- Criado por
- Giulietta Oda
- Visualizações
- 0
- Avaliação