Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. respond to the following in a minimum of 175 words

Respond to the following in a minimum of 175 words:What is activity-based costing? What...

80.2K

Verified Solution

Question

Accounting

Respond to the following in a minimum of 175 words:

What is activity-based costing? What are some of the keyelements of activity-based costing? How does this method differfrom a more traditional costing method?

Answer & Explanation Solved by verified expert
4.2 Ratings (973 Votes)
Solution An organization deciding to do business in competitive global market needs to plan record and analyze its activities beforehand in order to sustain and gain competitive advantage over others Activitybased costing is a tool of allocation of cost pools across various product lines service areas and departments and widely used in product costing service pricing makeorbuy decision etcetera by organizations and stands as a detailed expensive method of costing This process involves recording of indirect    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingRespond to the following in a minimum of 175 words:What is activity-based costing? What are...Respond to the following in a minimum of 175 words:What is activity-based costing? What are some of the keyelements of activity-based costing? How does this method differfrom a more traditional costing method?

Other questions asked by students

Q

Consider some of the mentors you have had up to this point in your career development....

Psychology
Q

In your own words, describe the offsite and onsite process involved in the construction of a...

Civil Engineering
Q

solid conducting sphere having a charge Q is surrounded by an uncharged conducting hollow e...

Physics
Q

5 A tube closed at one end has a vibrating diaphragm at the other end...

Physics
Q

1 A If the period of SHM is 6 sec and amplitude is 5cm the...

Physics
Q

Tale and female students in a particular country who received bachelor s degrees in business...

Statistics
Q

Find an equation for the graph sketched below 15 4 3 2 f x 0...

Algebra
Q

Identify each of the following items as revenues, expenses, or withdrawals from the...

Accounting
Q

You wote wataforma aber and mushroom. You go to the maintending to purchase one wyaf...

Accounting
Q

Hart Company made 3,200 shelves using 22,200 pounds of wood costing $290,820. The company's direct...

Accounting
Q

Cruz Corporation, a calendar year, accrual method C-corporation, purchased and placed in service (PIS) the...

Finance
Q

Please answer to question B or E Your broker offers to sell you...

Finance