Chapter 4 Managerial Accounting-Activity Based Costing

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Author:
davecowman
ID:
309797
Filename:
Chapter 4 Managerial Accounting-Activity Based Costing
Updated:
2015-10-18 15:36:24
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Chapter4
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Chapter 4 Activity-Based Costing
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  1. Unit-level costs (p. 76)
    Costs that are incurred each time a unit is produced.
  2. Batch-level costs (p. 76)
    Costs that are incurred each time a batch of goods is produced.
  3. Product- level costs (p. 76)
    Costs that are incurred as needed to support the production of each type of product.
  4. Facility - level costs (p. 76)
    Costs that are incurred to sustain the overall manufacturing process.
  5. Activity-based costing (ABC) (p. 76)
    A system of allocating overhead costs that assumes that activities, not volume of production, cause overhead costs to be incurred.
  6. Activities (p. 76)
    Procedures or processes that cause work to be accomplished
  7. Diverse products (p. 84)
    Products that consume resources in different proportions.

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