Prompt 1 - Pick a company or business you know well, and explain their production...
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Accounting
Prompt 1 - Pick a company or business you know well, and explain their production process for a product. You can also identify services that are performed, such as a patient admitted to a hospital. Then identify which "activities" would be part of the factory overhead. You should be able to identify at least five activities. Then give us a weighting of each activity, such as the assembly activity would be 40% of the factory overhead cost. This is your opportunity to teach your classmates how a product you know well is produced, as well as get practice understanding activity based costing. Prompt 1 - Pick a company or business you know well, and explain their production process for a product. You can also identify services that are performed, such as a patient admitted to a hospital. Then identify which "activities" would be part of the factory overhead. You should be able to identify at least five activities. Then give us a weighting of each activity, such as the assembly activity would be 40% of the factory overhead cost. This is your opportunity to teach your classmates how a product you know well is produced, as well as get practice understanding activity based costing
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