What are some possible activity bases Cold Stone Creamery could use to allocate each cost?

What are the benefits for a company, like Cold Stone Creamery, that products many different products to use activity based costing?

Which of the following would be included in the cost of a product manufactured according to variable costing? a.direct materials b.sales commissions c.interest expense d.office supply costs

how to calculate the standard cost of a product?

How would you define fixed and variable product costs? How are these costs used in determining the contribution margin of different products manufactured and sold? What relationship do you see between these cost behaviors as they relate to the volume of sales/production and profitability?

Discuss the two alternatives for product costing systems.  Be sure to address the following: How do the two systems differ? What are the characteristics of the companies that would use each? Describe the three valuation method alternatives.

Define prime cost and conversion. Why can't prime cost prime cost be added to conversion cost to get total product cost?

What is activity analysis, and how is it used with cost driver analysis to manage costs and increase profits?  Why are value-added activities defined from a customer viewpoint?

What type of cost drivers do modern costing systems use and how does it differ from the cost drivers used by traditional costing systems? List two aspects to consider when selecting cost drivers that are to be used for cost prediction purposes.

How important is it to trace costs appropriately?  Explain. As you are beginning to think about the importance of tracing costs appropriately, please consider the differences between variable costing and absorption costing.  What implications does each of these have on such things as financial reporting of profit and pricing your products for the marketplace?