Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match each of the following terms (a) through (i) with the appropriate definitions 1 through 9 . (a) Cost object (b) Activity (c) Facility-level activities

image text in transcribed
Match each of the following terms (a) through (i) with the appropriate definitions 1 through 9 . (a) Cost object (b) Activity (c) Facility-level activities (d) Activity-based costing (e) Batch level activities (f) Activity-based management (g) Activity cost driver (h) Value-added activities (i) Activity cost pool (1) Activities which add value to a product. (2) A task, operation, or procedure that causes overhead cost to be incurred. (3) A group of costs that are related to the same activity. (4) An outgrowth of ABC that uses the link between activities and costs for better management. (5) The target of a cost assignment. (6) Activities performed only on groups of units. (7) A factor that causes the cost of an activity to go up or down. (8) A cost allocation method that assigns overhead cost by focusing on activities performed. (9) Activities performed to sustain facility capacity as a whole

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stochastic Filtering With Applications In Finance

Authors: Bhar Ramaprasad

1st Edition

9814304859, 9789814304856

More Books

Students also viewed these Finance questions

Question

2. Do you find change a. invigorating? b. stressful? _______

Answered: 1 week ago

Question

10. Are you a. a leader? b. a follower? _______

Answered: 1 week ago