Preparation of service manual by an electronic manufacturer is an example of A. Unit level activity B. Batch level activity C. Product level activity D. Not considered under Activity Based Costing

Q: Activity-based costing (ABC) O uses a single pre-determined overhead rate. O is less complex than a…

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

Q: Which of the following is not a product cost? Multiple Cholce O Direct materlals ) Direct labor…

A: Product cost is that which is not included in the direct manufacturing of the goods. Direct…

Q: Arranging for a shipment of a number of different products to a customer is an example of an…

A: ABC method:ABC method is activity based cost accounting. It's the new method of accounting where the…

Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: When the purchase of materials is journalized in a process cost accounting system, the materials…

A: Journalization refers to the process of recording each and every business transaction having…

Q: Which of the following would NOT be considered an activity for the purposes of an activity-based…

A: Introduction: Activity based costing: Its also called As ABC method. According to the Actual…

Q: Which of the following is the proper classification of activities according to activity level for a…

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

Q: Find out the categories as per the concept of Activity based costing: 1.Indirect consumables…

A: Activity based costing is costing method where it consist of various levels of activities namely…

Q: ob-order costing is product-costing system that is used for production of Select one: a. Small…

A: Job order costing is the costing in which cost incurred  and manufacturing overheads allocated are…

Q: Which of the following descriptions is notcorrect?a. The routing sheet shows the manufacturingpath…

A: Production cost comprises of total costs that are incurred in the process of bringing a product to…

Q: What system would a manufacturer of unique special orders or batch processes most likely use to…

A: Cost accounting is very important area of accounting, which helps in accounting of various types and…

Q: The allocation of indirect costs in an activity-based costing system a. may require other costs to…

A: In ABC(Activity-Based Costing) costs are traced to specific activities (activity pools) within an…

Q: The three major differences between process and job order costing systems are those relating to:

A: Job Order Costing Process order Costing The Job Order Costing is based upon the manufacturing cost…

Q: Process costing systems are used only by companies that manufacture physical products; companies…

A: Process Costing - Process costing is a method of allocating manufacturing costs to finished goods.…

Q: Manufacturing overhead is the costs that can be traced directly to specific units produced.…

A: Manufacturing overheads are indirect costs. Indirect costs are those costs which cannot be easily…

Q: Which of the following are the two main types of cost accounting systems for manufacturing…

A: The two main types of cost accounting systems for manufacturing operations are:Job order costing…

Q: Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs…

A: Introduction: Costs of product: Amount spent for making the product in to a finished goods from raw…

Q: Provide the benefits of using absorption costing for internal reporting. Give explanation in details…

A: There are several benefits to using absorption costing for internal reporting. First, it provides a…

Q: Process costing systems are used only by companies that manufacture physical products; companies…

A: Companies utilize process costing, a technique that divides the manufacturing process into discrete…

Q: the allocation base for applying overhead product the allocation base for applying overhead product…

A: The concept of activity-based costing requires identifying the cost pool, cost driver, number of…

Q: Comparison between ABC and Traditional costing

A: Traditional costing is also written as volume based costing. Under this method, overheads are…

Q: 9 Which of the following activity levels is an example of the clerical activity associated with…

A: Batch-level activities are costs relating to the batch production of one type of product.With this…

Q: Activity-based costing a. may not assign all manufacturing overhead costs to products b. uses…

A: Under activity based costing, the overheads are applied to production on the basis of activity base…

Q: In process cost accounting, the costs of direct materials and direct labor are charged directly to…

A: The correct option with all necessary explanation are as follows

Q: Companies such as Apple commonly prepare a process cost summary. What purposes does a process cost…

A: Process cost summary: A process cost summarizes the cost and expense concerned with each process of…

Q: Explain the additional journal entries required by process costing systems that are not needed in…

A: Process Costing: Process costing is method of cost accounting in which all the costs that are…

Q: Define process costing system and provide system. (2 marks) one example of a business applying this…

A: Costing System Costing is one of the important segment in the Managerial Accounting.  In Costing it…

Q: Under activity-based costing, second stage allocation would involve: a. Calculating activity rates O…

A: ABC costing: Here the costs of products are to be allocated by the activities using cost pools. It…

Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Which among the following is not a non volume related support activity? a. Production scheduling b.…

A: Volume-related costs are those which vary with the level of production or sale; whereas, Non-volume…

Q: Activity Based Costing (ABC) is an alternative method for allocating costs to products by…

A: Activity based costing is also known as ABC COSTING . Traditional costing applies an predetermined…

Q: Nonunit-level drivers are prominent in activity-based coting systems. Which of the following is…

A: Activity-based costing appears to be a method of more correctly allocating overhead expenditures by…

Q: Which of the following product costing systems is normally used to assign costs to goods that are…

A: Solution: "Process costing" systems is normally used to assign costs to goods that are produced in…

Q: Discuss how traditional methods of allocating overhead to products may not provide a good measure of…

A: The overhead costs are allocated to production using various methods as traditional costing and…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.