ACCO 330 - CHPT 5

ACCO 330 - CHPT 5 - Chapter Five Activity-Based Costing(ABC...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e Activity-Based Costing (ABC) Chapter Five
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e 2 A costing approach that assigns resource costs to cost objects based on activities performed for the cost objects Activity-Based Costing
Background image of page 2
Blocher,Stout,Cokins,Chen, Cost Management 4e 3 An activity is a specific task or work done , such as production set-up A resource is an economic element consumed in performing activities, such as salaries and supplies A cost driver is the consumption activity that drives the cost of the resource , such as issuing a purchase order Activity-Based Costing Terminology
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Cost Management 4e 4 Activity-Based Costing Activity Analysis To identify resource costs for various activities, a firm classifies all activities according to the way in which the activities consume resources A unit-level activity is performed on each individual unit of product or service of the firm (e.g., direct
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/24/2011 for the course ACCO 330 taught by Professor Mastromonaco during the Fall '10 term at Concordia Canada.

Page1 / 11

ACCO 330 - CHPT 5 - Chapter Five Activity-Based Costing(ABC...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online