Discussion-activity-based costing system

Assignment Help Accounting Basics
Reference no: EM13765477

Assignment 1: Discussion-Activity-Based Costing System

Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations due to the substantial cost involved with its implementation.

Using the module readings and the Argosy University online library resources, research the activity-based costing method. Use your research and/or your experiences as a working professional to complete this assignment.

Respond to the following:

  • If you have utilized an activity-based costing system in your former or current employment, describe how this system had been used. In your response, be sure to include your experience and position on the effectiveness of the activity-based costing system. Support your ideas by drawing on your readings and scholarly articles.
  • If you have not encountered this type of system in your work experience, assume a company needs to switch to an ABC system. Describe the common cost drivers that could be used.
  • How would the organization identify the cost drivers?
  • How would the organization use them in the implementation of this system? You may use your former or current company for the analysis.

Reference no: EM13765477

Questions Cloud

Who defended on the ground that she was not liable : Several weeks after Mangini left his ring at the store, armed men robbed the store and took several rings from the store window, including Mangini's ring. Mangini sued Hansen, who defended on the ground that she was not liable for the actions of ..
Will her diary be useful in proving that she created design : The business became tremendously profitable. Even though Donita never registered her design with the patent or copyright office, does she have intellectual property rights in the shoelace design? Will her diary be useful in proving that she crea..
Explain the police brutality perception issue : Explain the Police Brutality Perception issue. Express the issue you found in your search. Refine your expression and include both the original and the refined version. Justify your revision.
Role of an entrepreneur : To have an understanding of how a company chooses a trademark, take on the role of an entrepreneur. Decide on the nature of your business and then describe to us your goods or services
Discussion-activity-based costing system : Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations due to the substantial cost involved with its implementation.
Payroll for employees and human resources : What is the difference between a Disaster Recovery Plan and a Business Continuity plan
Problems based on essay : Does the essay present an illustration that clarifies the main point or your position on the problem?
What is the lapds current reputation : What is the LAPD's current reputation? In your opinion, were the implemented changes successful, in terms of the image projected by the department? What might you recommend to help improve on the image of the LAPD
Expect to gain from international trade : Countries can expect to gain from international trade as long as they keep production diversified

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the correct journal entry for the sale of the stock

At the Board of Director's meeting to review the year-end financial statements, they were concerned that the gain on the sale of the stock was not reported on the income statement. They believed that since the stock was sold at a price higher than..

  What difference does cash or accrual basis of accounting

what difference does cash or accrual basis of accounting make to recording two tasks or functions of your current or

  During 2014 sandor purchased 1440000 of raw materials

sandor manufacturing inc.s accounting records reflect the following inventoriesdec. 31 2013dec. 31 2014raw materials

  A manufacturing company prepays its insurance coverage for

a manufacturing company prepays its insurance coverage for a three-year period. the premium for the three years is 4500

  Would you recommend the purchase of the new printing press

would you recommend the purchase of the new printing press if fixed manufacturing overhead increased to 5500 instead of

  Journal entry to record pension expense

Compute the amount of pension expense to be reported for 2008 (show computations) Prepare the journal entry to record pension expense and the employer's contribution for 2008. Assume no new actuarial gains/losses were experienced and that actual re..

  Shea a regional jewelry store issues its own charge cards

shea a regional jewelry store issues its own charge cards to customers. it bills its customers on the first day of

  For year 2010 kuhlman corporation reported total income of

for 2010 kuhlman corporation reported net income of 28000 net sales 400000 and average shares outstanding of 6000.

  Investing on project if funds are available

If fund were available, would you invest in one, both or neither project? Why?

  Wheeler corporation produces and sell special eyeglass

wheeler corporation produces and sell special eyeglass straps for sporting enthusiasts. in 2011 the company budgeted

  Increasing annual promotional expenses at the town store by

condensed monthly operating income data for cosmo inc. for november is presented below. additional information

  An investor purchased at par value 75000 of corts 8 bonds

1. on february 15 seacroft buys 7000 shares of kebo common stock at 28.53 per share plus a brokerage fee of 400. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd