please answer each question of the review

Paragraph Styles Chapter 4: Activity Based Costing o Characteristics of Activity-Based Costing- what types of products/production o Characteristics of traditional costing - what types of products/processes is it o Activity-Based Costing vs. Traditional (Volume-Based) Costing-key difference o Calculating Product Cost (DM + DL MOH - Product Cost) using traditional cost processes is it ideally used for? typically best used for? is how indirect costs are assigned to products (Direct Materials and Direct Labor are unaffected [stay the same] regardless of cost method used) system (single cost driver) o Pre-determined Overhead Rate (POHR) Estimated total indirect cost/estimated total cost driver o Applied overhead POHR rate x actual cost driver o Activity-Based Costing Multiple cost drivers assigned to each activity pool o Exam 2 (Ch. 2 &4)- Review Guide.docx-Saved to this PC out References Milings Review View Help Tell me what you want to do A.2- .. 11 Normal No Spac Heading 1 Headi Paragraph Styles Calculating per-unit product costs and gross profit (gross margin) using ABC Define and classify the types of activities (facility, product, batch, unit, etc.) Calculating product cost (DM+DL+MOH) using ABC Activity Rate Method v. Activity Proportion Method o o o o -Activity Rate Activity Rate Total Activity Indirect Cost/ Total Cost Driver Target Costing - Define/interpret, calculate target cost o