ch07 - 7 CHAPTER Chapter 7 Activity-Based Costing and...

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CH AP T E R 7 Chapter 7 – Activity-Based Costing and Activity-Based Management Activity-Based Costing and Activity-Based Management Learning Objectives 1. Classify activities as unit-level, batch-level, product-level, customer-level, or organization-level. (Unit 7.1) 2. Calculate activity-based product costs. (Unit 7.2) 3. Explain the difference between traditional product costs and activity-based product costs. (Unit 7.2) 4. Distinguish between value-added and non-value-added activities. (Unit 7.3) 5. Explain how information about activities can be used to make decisions. (Unit 7.3) Summary of End of Chapter Material Difficulty: E = Easy, M = Moderate, D = Difficult Bloom: K = Knowledge, C = Comprehension, AP = Application, AN = Analysis, S = Synthesis, E = Evaluation AACSB : A = Analytic, C = Communication, E = Ethics AICPA FN: DM = Decision modeling, RA = Risk Analysis, M = Measurement, R = Reporting, RS = Research, T = Technology AICPA PC: C = Communication, I = Interaction, L = Leadership, P = Professional demeanor, PM = Project Management, PS = Problem Solving and Decision Making, T = Technology IMA: BA = Business applications, BP = Budget Preparation, CM = Cost Management, DA = Decision Analysis, PM = Performance Measurement, R = Reporting, SP = Strategic Planning Item L. O. Difficult y Level Minutes to Complete Bloom’s Taxonomy AACSB AICPA FN AICPA PC IMA Ethics Coverage GUIDED UNIT PREPARATION Unit 7.1 1 1 E 2 K A R C CM 2 1 M 10 K, C A R C CM 3 1 D 10 C A R C CM Unit 7.2 1 2 E 2 K A M PS CM 2 2 E 2 K A M PS CM 3 2 M 2 C A M PS CM 4 2 M 4 C A M PS CM 5 2 M 3 C A M PS CM 6 3 D 4 K A R C CM 7 3 D 4 K A R C CM Unit 7.3 1 4 E 2 K, C A M PS SP 2 4 E 2 K, C A M PS SP 3 4 M 2 C A M PS SP 4 5 D 4 C A M PS SP, DA 5 5 D 4 AN A M PS SP, DA 7-1 ph ot o: © jsn yd er de sig n / iSt oc kp ho to
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Solutions for Davis & Davis, Managerial Accounting , 2 nd ed. Item L. O. Difficult y Level Minutes to Complete Bloom’s Taxonomy AACS B AICPA FN AICPA PC IMA Ethics Coverage EXERCISES 7-1 1 M 12 AP, AN A R C CM 7-2 1 M 10-15 C A R C CM 7-3 2 D 10 AP, AN A R C CM 7-4 2 D 8-10 AP, AN A R C CM 7-5 2 E 10-12 AP A M PS CM 7-6 2 E 10-12 AP A M PS CM 7-7 2 E 10-12 AP A M PS CM 7-8 2 D 15-20 AP, AN A M PS CM 7-9 2 D 15-20 AP, AN A M PS CM 7-10 2 D 15-20 AP, AN A M PS CM 7-11 2 D 15-20 AP, AN A M PS CM 7-12 3 M 15 AP, AN A M PS CM 7-13 3 D 10 E, AN A M PS CM 7-14 2, 3 M 15-20 AP, AN A M PS CM 7-15 4 M 10-15 C A M PS SP 7-16 4 M 10-15 C A M PS SP 7-17 5 D 15-18 AN A M PS SP, DA 7-18 5 D 10-15 AN A M PS SP, DA PROBLEMS 7-19 2 M 20-25 AP A M PS CM 7-20 2 M 20-25 AP, AN A M PS CM 7-21 2, 3 D 15-20 AP, AN A M PS CM 7-22 2, 5 D 25-30 AP, AN, E A M PS CM, SP 7-23 2, 5 M 15-20 AP, AN A M PS CM, SP 7-24 2, 3, 5 M 25-30 AP, AN, E A M PS CM, SP 7-25 2, 5 M 25-30 AP, AN, E A M PS CM, SP 7-26 2, 5 D 30-35 AP, AN, E A M PS CM, SP 7-27 2, 3, 5 D 40-50 AP, AN, E A M PS CM, SP 7-28 2, 3, 5 D 50-60 AP, AN, E A M PS CM, SP 7-29 2, 3, 5 D 50-60 AP, AN, E A M PS CM, SP C&C CONTINUING CASE 7-30 2, 5 D 30-40 AP, AN, E A M PS CM, SP CASES 7-31 2 D 45-50 AP, AN, E A, E M PS CN, BA 7-2
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Chapter 7 – Activity-Based Costing and Activity-Based Management SOLUTIONS TO GUIDED UNIT PREPARATION Unit 7.1 1. An activity is an event that consumes resources. Examples include
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