Managerial hwk feb 21 .xlsx

Managerial hwk feb 21 .xlsx - Ashley Fan ACTG 211 CH 4...

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Ashley Fan 2/21/2018 ACTG 211 CH 4 Questions- Q-3,5,9,10,11,13,14,17, E1 3 In an automated manufacturing environment, what basis of overhead allocation is more releva Machine hours 5 What are the principal differences between activity based costing (ABC) and traditional produc The different is that ABC is complex and TCA is simple. ABC=A costing system that overhead to multiple activity cost pools and assigns the activity cost pools to prod service by means of cost drivers. It is more accurate because it takes important fa account before assigning a cost to the product. Traditional costing is a much easier way of determining the cost of a product, sinc solely on assigning average overhead rates. This also means it won't always be as because it doesn't factor in nonmanufacturing expenses or determine which ove costs actually affect specific products 9 What is an activity cost pool? The overhead cost attributed to a distinct type of activity or related activities (ord materials or setting up machines) 10 What is a cost driver?
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