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Costing Methods
Traditional costing and activity based costing
Similarities
wat is the similarity between traditional costing and activity based costing?
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Do a google search of these two terms and you will find a lot of good information.
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Multiple choice
1. The type of product costing system used by a company is dictated by the : a) plant supervisor b) project
Top answer:
1. A 2. A matching 1. D 2. H 3. F 4. C 5. G 6. B 7. E 8. A
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Su Li has 13 kg of almonds costing $5 per kilogram. How many kilograms of cashews costing $12 per kg should be added to get a
Top answer:
5*13 + 12x = 7.45(13+x) solve for x
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a shopkeeper allows a discount of 15% on his shop. how much money can a man save if he buys a bag costing rs2500, a shaving set
Top answer:
0.15{2500 + 890 + 2800) = ?
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A girl bought a comic book costing 625¢, a pen costing 570¢ and a chocolate bar costing 375¢. She paid her bill with a $20
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20 - (6.25 + 5.70 + 3.75) = $_________
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What are some key elements of activity-based costing? I already know what activity-based costing is, I just do not understand
Top answer:
Activity-Based Costing (ABC) is a costing methodology that assigns costs to products or services
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You have R200 to buy a cow costing R10.00 sheep costing R2.00 a chicken costing R0.10,no change must be leftover from R200 total
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To solve this problem, we can use a technique called "trial and error." We will start by assuming an
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coffee shop plans to mix grage a cogge costing $9.50/lb and grade b coffee costing &7 /lb to yield a 20lb blen costing $8.50/lb.
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What is " grage a cogge "?
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In activity-based costing, an activity is any even, action, transaction, or work sequence that incurs cost when producing a
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buying packaging material, hiring shipping companies (those are a few of the costs)
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1-How does an actual system differ from a normal costing systems? What advantages does a normal costing systems offer?
2-Why is
Top answer:
1- An actual costing system differs from a normal costing system in the way they calculate the cost
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Describe briefly what is meant by activity based costing.
Top answer:
http://www.accountingcoach.com/online-accounting-course/35Xpg01.html
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Related Questions
A drugstore sells a drug costing $85 for $112 and drug costing $175 for $238.
A, If the markup policy of the drugstore is assumed
If 8kg of coffee costing $2000 a kg is mixed with 12kg of another kind of coffee costing $2200. What is the cost of the mixture
A landscape architect wished to enclose a rectangular garden on one side by a brick wall costing $60/ft and on the other three
I bought a card costing £1.76 and a chocolate bar costing 63p. How much did I spend?
A grocer wants to mix nuts costing $5 per kg with nuts costing $8 per kg to make a 10 kg mixture selling for $6 per kg. How much
If 8kg of coffee costing $2000 a kg is mixed with 12kg of another kind of coffee costing $2200. What is the cost of the mixture
A rectangular garden of area 75 sq ft is to be surrounded on 3 sides by a brick wall costing $12 per foot and on one side by a
How can I calculate the setup costs of a product using the activity-based costing method?
A standard costing system is the traditionally used costing system. It has two main purposes: cost control and product costing.
(a) How do you calculate manufacturing overhead costs to the two products using activity based
costing (ABC).
