im_pdf_ch04 - CHAPTER 4 Activity-Based Costing ASSIGNMENT...

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4-1 CHAPTER 4 Activity-Based Costing ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Recognize the difference between traditional costing and activity-based costing. 1, 2, 3, 4, 5 1, 2 1, 2, 3, 4, 5, 6, 12, 13 1A, 3A, 4A, 5A 1B, 3B, 4B, 5B * 2. Identify the steps in the development of an activity- based costing system. 7 * 3. Know how companies identify the activity cost pools used in activity-based costing. 9 7, 8 * 4. Know how companies identify and use cost drivers in activity-based costing. 6, 10, 11, 12 3, 4, 5, 6, 7, 12 1, 3, 4, 5, 6, 8, 9, 10, 11, 12, 13 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 5. Understand the bene- fits and limitations of activity-based costing. 13, 14, 15 11 * 6. Differentiate between value-added and non- value-added activities. 8, 16, 17 8, 9 12, 13, 14, 15, 16 1A, 5A 1B, 5B * 7. Understand the value of using activity levels in activity-based costing. 19 10, 11, 12 17, 18 * 8. Apply activity-based costing to service industries. 18 9, 10 16 5A 5B *9. Explain just-in-time (JIT) processing. 20 * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter.
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4-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Assign overhead using traditional costing and ABC; compute unit costs; classify activities as value- or non-value-added. Moderate 35–45 2A Assign overhead to products using ABC and evaluate decision. Moderate 25–35 3A Assign overhead costs using traditional costing and ABC; compare results. Moderate 35–45 4A Assign overhead costs using traditional costing and ABC; compare results. Moderate 40–50 5A Assign overhead costs to services using traditional costing and ABC; compute overhead rates and unit costs; compare results. Moderate 35–45 1B Assign overhead using traditional costing and ABC; compute unit costs; classify activities as value- or non-value-added. Moderate 35–45 2B Assign overhead to products using ABC and evaluate decision. Moderate 25–35 3B Assign overhead costs using traditional costing and ABC; compare results. Moderate 35–45 4B Assign overhead costs using traditional costing and ABC; compare results. Moderate 40–50 5B Assign overhead costs to services using traditional costing and ABC; compute overhead rates and unit costs; compare results. Moderate 35–45
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BLOOM’S TAXONOMY TABLE 4-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Recognize the difference between traditional costing and activity-based costing. Q4-1 Q4-2 Q4-3 Q4-4 Q4-5 BE4-1 BE4-2 E4-1 E4-2 E4-3 E4-4 E4-5 E4-6 E4-12 E4-13 P4-1A P4-4A P4-5A P4-1B P4-4B P4-5B P4-3A P4-3B 2. Identify the steps in the development of an activity- based costing system. Q4-7 3. Know how companies identify the activity cost pools used in activity-based costing. Q4-9 E4-7 E4-8 4. Know how companies identify and use cost drivers in Q4-6 Q4-10 Q4-11 Q4-12 BE4-3 BE4-4 BE4-5 BE4-6 BE4-7 BE4-12 E4-9 E4-10 E4-11 P4-2A P4-2B 5.
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This note was uploaded on 12/12/2009 for the course ACCT 2102 taught by Professor Constable,d during the Fall '08 term at Georgia Perimeter.

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im_pdf_ch04 - CHAPTER 4 Activity-Based Costing ASSIGNMENT...

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