Activity Drivers Are Best Described as

Accounting questions and answers. It is a variable that causes an activity to increase or decrease.

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B The speed with which the Incident needs to be resolved.

. This problem has been solved. An activity cost driver. Thus this 200 million is referred to as GD Incs _.

Processes engaged in by the firms managers. Choice A is the best answer. Processes engaged in by the firms divisions.

One member of the maintenance crew who earns a salary of 22000 per year tells you that he spends 70 of his time in the plant 20 in the administrative offices and his remaining 10 he can t specify. An activity is any action that consumes company resources such as taking orders for a product setting up machines to produce the product inspecting the product and providing customer support. The identification and assessment of the factors that are involved in the costing of goods and services.

As a result a cost driver is an aspect or an event that origins a change in the total cost of the object. Question 2 2 out of 2 points Which of the following statements about activity based costing is true. Answer Processes engaged in by the firms clients.

Organizational cost drivers are choices that a company makes regarding the organization of activities. Is best described as any actions that are permitted by law. Another member of the crew who earns a salary of 19000 per year tells you that she spends 20 of.

The depreciation paid on factory equipment d. The practical capacity for a particular production facility is best described as Select one. To begin the determination of appropriate cost drivers an accountant analyzes the activities in the product production process that contribute to the cost of that product.

D The escalation path that will be followed to ensure resolution of the incident. B Activity-based costing involves tracing the cost of activities used by the various cost objects. The labor of the worker assembling the piece of furniture c.

A Placing a purchase order for raw materials B Inspecting incoming raw materials C Hiring and training a new employee D Providing employees with cost information and authorizing them to make decisions Answer. Overhead costs are incurred because of these actions. Determining Each Major Activitys Cost Driver The activities that determine the cost are known as cost drivers.

Providing information for external users is the role of financial accounting not managerial accounting. If physical observation can NOT be used to identify the exact amount of resources consumed by a cost. Is not guided by well-defined.

A The most widely used approach to activity-based costing involves the use of a two-stage model. Level 1 Texas Point System. An activity driver is something that influences the cost of an operation.

The wood and upholstery materials that are in the final piece b. An object to which costs are assigned is called. However it lost a chance to reinvest 20000000 in the research and development of a new product which would have earned a profit of 200 million.

The highest level of activity possible under any circumstance. The practical capacity for a particular production facility is best described as Select one. A injury or death or another person.

Receiving loading raw materials into the warehouse. The labor of the wood worker who finishes the wood of the piece. A list of particular activities that are utilized in activity-based costing ABC analysis.

The highest level of activity possible under any circumstance. Which of the following statements best describes a cost driver. As discussed in the lecture activities are best described as all of the following EXCEPT.

Therefore the narrator of the passage can best be described as one of. It is always based on direct labour-hours. The role of managerial accounting is to provide information useful to internal managers.

A list of particular activities that are utilized in activity-based costing ABC analysis. Throughout the passage the narrator refers to Miss Spiveys 1938 class as we and us and describes interactions between Miss Spivey and her students as a firsthand observer indicating that the narrator was a member of this 1938 class. An activity cost driver.

C Activity-based costing involves determining the cost of activities. The highest level of activity at which average costs are minimized. D All of the above.

All of the following are examples of activity cost drivers except. Declared a dividend of 20000000 its market value increased from 8 billion to 85 billion. B damaged self esteem.

Activity Driver Analysis. Get the CORRECT Answer. Cost driver analysisthe study of factors that cause or influence costs.

Value chain analysisthe study of value-producing activities stretching from basic raw materials to the final consumer of the product or service. Processes engaged in by the firms employees. Injury or death of another person.

Activity Cost Drivers LO. It is used for manufacturing and merchandising activities only. Which of the following statements most accurately describes Activity-Based Costing.

A decision to work with a limited number of suppliers is an example of an organizational cost driver. Costs are accumulated in departments and allocated based on a single driver for each department. Costs are accumulated in departments and allocated based a variety of drivers for each department.

The level of activity that makes the most practical sense within the framework of a given situation. The list consists of descriptions of a variety of activities including a. The most widely used approach to activity-based costing involves the use of a two-stage model.

All of the above. If youre convicted of 2 or more moving violations within a 48 month period your license could be suspended. Processes engaged in by the firms clients.

The highest level of activity possible allowing for normal repairs and maintenance. The level of activity that makes the most practical sense within the framework of a given situation. Activity level used to estimate the total cost.

Three types of activity cost drivers can be identified. C The number of staff that will be assigned to work on the Incident so that it is resolved in time. Strategic position analysisan organizations basic way of competing to sell products or services.

An organizations mission is best described as the basic purpose toward which activities are directed. A The relative importance of the Incident based on impact and urgency. On the basis of logical analysis the number of tables cleaned is the most appropriate cost driver.

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