What is the main difference between activity-based costing and the theory of constraints? When is it appropriate

Question:

What is the main difference between activity-based costing and the theory of constraints? When is it appropriate to use each one?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

See More Books

Question Posted: Apr 18, 2013 05:12 AM

See More Questions

What is the main difference between an analog voltage meter and an analog ammeter?
What is the main difference between journal entries in process costing and in job costing?
What is the main difference between a perpetual inventory system and a periodic inventory system?
The accompanying data are consistent with summary statistics that appeared in the paper Shape of Glass and Amount of Alcohol Poured: Comparative Study of Effect of Practice and Concentration (...
In addition to the proton marked Ha in m-nitrostyrene in Figure 13.18, there are two other vinylic protons. Assuming that the coupling constant between the two geminal protons in ArCH=CH2 is 2 Hz and...
ANSWER IS 8.74 %. JUST NEED SOME CLARIFICATION ON THE PROCESS TO GET THE ANSWER. ANY HELP IS GLADLY APPRECIATED! Table 9.2 A firm has determined its optimal structure which is composed of the...
Do find yourself sometimes engaging in selective perception? What sorts of topics (e.g., politics, religion) or situations (e.g., conflicts, close relationships) cause you to pay more attention to...
A 2012 Gallup Poll reported that only 581 out of a total of 2004 U.S. adults said they had a great deal of confidence or quite a lot of confidence in the public school system. This was down 5...
A company is considering a project that would require the purchase of an asset for $700,000. The company expects the project to generate cost savings. Assume the following: PVCCATS = $175,000;...
Imagine that you are the finance manager in control of purchasing for a small manufacturing company. Your supplier in Russia tells you that there are two quotes, one for payments in US dollars by...
What does the concept of value engineering mean? How is it used in target costing?
For what types of firms is the theory of constraints analysis most appropriate and why?
Sarah consumes food and mobile phone minutes. Her utility function is U(W ,F) =W x F, where W is mobile phone minutes and F is pounds of food per month. (Remember that for this utility function MUW =...
Write out the form of the partial fraction decomposition of the function (see example). Do not determine the numerical values of the coefficients. x3 (a) x + 7x+6 9x+1 (b) (x + 1)3(x + 2) Submit...
You desire to make an 80% by weight vinyl acetate to 20% by weight styrene copolymer via free radical, emulsion polymerization. The r 1 and r 2 values for these monomers are 0.01 and 55,...
Q1)In a wheel and axle machine the diameters of the wheel and the axle are 450mm and 60mm respectively.The efficiency is 97%(0.97 per unit).When a body having a mass of 40kg is being lifted.Determine...
Smith & Chief Ltd. of Sydney, Australia, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements...
C. In lab, you measure the x & y components of a possible incompressible flow field as u = 2cxy; and where cand a are constants. v = c(a + x - y) 5. (04 pts) Short answer, what is necessary for the...
Vertical analysis expresses each financial statement line item as a percentage of: a. the average statement amount. b. the smallest statement amount. c. the largest statement amount. d. the mean...
What are conversion costs? What are prime costs?
How did training early in the philosophy of Stoicism help Marcus Aurelius in living an examined life and in meeting the challenges of leading the Roman empire?
What is the definition of cooperative strategy, and why is this strategy important to firms competing in the twenty-first century competitive landscape? Discuss.
What is a strategic alliance? What are the three major types of strategic alliances firms form for the purpose of developing a competitive advantage? Discuss.
What are the four business-level cooperative strategies? What are the key differences among them?
why should Undertake research to review reasons for previous profit or loss?
A pension fund's liabilities has a PV01 of $200 million. The plan has $100 billion of assets with a weighted average modified duration of 8. The highest duration bond that the plan can invest in has...
Metlock Limited has signed a lease agreement with Lantus Corp. to lease equipment with an expected lifespan of eight years, no estimated salvage value, and a cost to Lantus, the lessor of $170,000....

What is the main difference between activity-based costing and the theory of constraints? When is it appropriate

Question:

Step by Step Answer:

Activitybased costing ABC is used to assess the profitability of products just as is TOC The ...View the full answer

Cost management a strategic approach

Students also viewed these Management Leadership questions