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Example of ABC System
Assume an example, such the cost pool for the ordering activity totaled of Ksh.100, 000 and such there were 10,000 orders the cost driver. Therefore all products would be charged along with Ksh.10 for each order it required. Therefore a batch requiring five orders would be charged along with Ksh.50 like its share of the ordering costs for the period.
Absorption costing and ABC are same in many respects. In mutually systems, direct costs go straight to the product and overheads are allocated to production cost centres/cost pools. The dissimilarity lies in the manner whether overheads are absorbed into products. Absorption costing most commonly employs two absorption bases machine hours and /or labour hours to charge overheads to products ABC employs many cost drivers like absorption bases number of orders, number of dispatches.
This refers to the assignment or distribution of a group of costs to cost centers. That costs are assimilated in as same and must be allocated on the similar base. Allocation base is the measure of activity employed to allocate a cost pool to the cost centers.
under which type of asset the investment comes
Question: Suppose that the stock now sells at $80, and the price will go up by 5% or down by 5% at the end of first six month (t = ½). Then, the price will either go up by 10%
DIFERENCE BETWEEN MARGINAL AND DIFFERENTIAL COSTING
Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories: • Variable • Fixed • Mixed •
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Using the chosen company from Bursa Malaysia, prepare a consolidated accounts assuming that the chosen company acquire Sure Cargo Behard at 80% of its ordinary shares. Given bel
explain any five qualities of accounting profession
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