ACC/561 Substantive Post

Business & Finance
Price: $5 USD

Question description

1 Some believe ABC provides better accuracy when costing products. Why do you think this is the case?.

2. Activity based costing involves evaluating and assigning cost to every activity that produces a product such as purchasing, storing, machining, and supervising. Additionally, the drivers of costs are also considered. Activities or things that impact costs are cost drivers. 

How does a company evaluate and assign cost? How do they determine appropriate cost drivers?

3. What do you think is the biggest adjustment for companies changing from traditional costing to activity based costing?

4.The difference between traditional costing and activity based costing is that traditional costing excludes expenses that are not a result of nonmanufacturing

Do you think these costs should be included? Why or why not?

5. One benefit of traditional costing is the ease of implementation. Can you think of any other benefits?

6. Although we recognize this is an accounting class, I have a general question. What is the difference between a job and a process? 

Tutor Answer

(Top Tutor) Daniel C.
School: UCLA
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors