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The controller for U.S. Route 66 Truck Parts is comparing traditional overhead allocationwith ABC. After studying both approaches, the controller prepared the following list of features and attributes of the two methods.
Required: Label each the listed items as either belonging to traditional overhead allocation (TOA) or activity-based costing (ABC).
1. More complex system
2. Does not aid in cost reduction
3. Uses only a few cost pools
4. Uses several allocation bases
5. Is expensive to implement
6. Probably accurate enough for the company as a whole
7. Correlative relationship exists between allocation base and cost
8. Casual relationship exists between allocation base and cost
9. Uses many cost pools
10. Not very accurate on a product by product cost level
Sony manufactures battery for Iphone 6+. The average costs to manufacture batteries are $4 for 10,000 ad $2.67 for 30,000. Assuming the total cost function is linear, what will be
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After you have studied this section, you should be capable to: know the idea of funds flowing by a business in a dynamic situation understand the role of working capital
Labour Variances From our basic data, we can calculate the labour variances as given as: i. Labour Rate Variance = (AH x AR) - (AH x SR)
You have recently graduated from VU and are now working for a small accounting firm. The firm recently purchases MYOB software for internal use. Upon learning that you had learnt M
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a factory operates a small canteen but its annual operation has consistently shown a loss:
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Determine Profit by Using Absorption Costing Assuming the fixed overhead absorption rate was Ksh.3 per litre, then what would be the profit utilizing absorption costing? a)
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