Activity-based costing and throughput accounting, Cost Accounting

Assignment Help:

The  basic  principles  of  standard  costing  and  variance  analysis  may  be  adapted  to  the needs of  relatively  new  methods  of  accounting  such  as  activity-based  costing  and throughput accounting.

Requirements

(a)  Describe the  core  concept  behind  Activity-based  costing  insofar  as  it  relates  to variance  analysis  and  talk about the manner  in  which  variance  analysis must  be adapted when in ABC mode.

(b)  Describe the  core  concept behind  Throughput Accounting  insofar as  it  relates  to variance  analysis  and  talk about the manner  in  which  variance  analysis must  be adapted when in TA mode.  


Related Discussions:- Activity-based costing and throughput accounting

Assumptions of break-even analysis, Assumptions of Break-Even Analysis ...

Assumptions of Break-Even Analysis 1. The break-even chart is fundamentally a static analysis; commonly changes can merely be displayed by drawing a new chart or a series of c

Compute the manufacturing overhead, Slick Corporation is a small producer o...

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains twelve quarts of synthetic oil. To achie

Calculate direct labour hour, Manson Manufacturing applies manufacturing ov...

Manson Manufacturing applies manufacturing overhead at a rate of $30 per direct labour hour a)when during the year was this rate computed b)Describe briefly how this rate was

Example of profit volume graph, Example of Profit Volume Graph The sum...

Example of Profit Volume Graph The summary results of a company are given as: Product                        A B          C

Method of measuring costs associated with production, Which method of measu...

Which method of measuring costs associated with production is more widely used in practice A. Normal Costing  B. Actual Costing  C. Both are used equally  D. Neither one

Accrued liabilities, Accrued liabilities show expenses or obligations incur...

Accrued liabilities show expenses or obligations incurred in the earlier accounting period but the payment for similar will be made in the subsequent period. In several cases where

Calculate the retained profit, Harriet Ltd is a trading company set up a nu...

Harriet Ltd is a trading company set up a number of years ago with 5,000 £1ordinary shares issued at par. In order to expand the production facilities it needs to raise a further £

Calculate the moderate earnings per share, A listed entity, had 3,000,000 $...

A listed entity, had 3,000,000 $1 ordinary shares in issue, On 1 January 2009 CSA.CSA made a bonus issue of 1 for 3, On 1 May 2009. CSA issued 2,000,000 $1 ordinary shares for $3.2

Determine the rate of return, A forecasted increase in metal prices has enc...

A forecasted increase in metal prices has encouraged the ABC Resource Company to consider the expansion of the capacity in one of its mine operations in Northern Ontario. For this

Calculate remuneration of employee of an organisation, Calculate Remunerati...

Calculate Remuneration of Employee of an Organisation Based on the data underneath that you are necessary to calculate the remuneration of all employee like determined with ea

Write Your Message!

Captcha
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