Explain the terms - cost object and activities, Managerial Accounting

Assignment Help:

Explain the terms - Cost object and Activities

Cost object: it is an item for which cost measurement is required for example a product or a customer.

Activities: these consist of the aggregate of different tasks and are concerned with function associated with cost objects.

There are two type of activities

 Support activities

Production process activities

 


Related Discussions:- Explain the terms - cost object and activities

Standard costing system, Standard costing system However, it has been a...

Standard costing system However, it has been argued that traditional variance analysis is unhelpful and potentially misleading in the modern organization, and can make managers

State performance budgeting according to carter performance, State performa...

State performance budgeting according to carter performance According to carter performance budgets use statement of mission goals and objectives to explain why the money is be

Explain product cost, Explain product cost Product costs are those cost...

Explain product cost Product costs are those costs which are associated with and directly identifiable with the product. In other words, which are assigned to the product are p

Prepare an overhead analysis sheet, QUESTION 1: P A RT A You are...

QUESTION 1: P A RT A You are the Cost Accountant of an industrial concern and have been assigned the duty of preparing a cost accounting system. Initially it has been de

Choosing relationship predicts best variable-cost estimating, Choose the re...

Choose the relationship which best predicts the dependent variable After exploring a diversity of relationships, you should select the one that can best be employed in predicti

Complexities, major ways that these complexities might impact a business

major ways that these complexities might impact a business

Financial planning programs, Financial planning programs Such programs ...

Financial planning programs Such programs differ in complexity. Some simple programs can include only those variables discussed while other more complicated ones can include an

Model construction, Model Construction The success of a simulation exer...

Model Construction The success of a simulation exercise is related to the predictive quality of the underlying model, so that considerable care should be taken with model const

Registered pension plan, How much would each be required to contribute to t...

How much would each be required to contribute to the QPP in 2011 based on their $70,000 salaries?   Please show your calculations. How much pension income would each have receiv

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