Question
______ is a system that focuses on activities as the
fundamental cost objects and uses the cost of these activities for compiling the costs of products and other cost objects.Solution
Activity-based costing (ABC) is a system that focuses on activities as the fundamental cost objects. It involves identifying and analyzing activities within an organization and assigning costs to those activities. The cost of these activities is then used for compiling the costs of products and other cost objects. ABC recognizes that products or services consume different activities, and the costs associated with those activities should be allocated accordingly. By allocating costs based on the activities that drive them, ABC provides a more accurate and detailed understanding of product costs compared to traditional costing methods. Marginal costing, process costing, and job costing are different costing methods, but they do not specifically focus on activities as the fundamental cost objects.
If the volume of a cylinder is 144π and the ratio of radius to its height is 3:2 then find the curved surface area of cylinder?
The circumference of a circle is equal to the perimeter of a rectangle whose length and breadth are in ratio 7:5, respectively. If the area of the recta...
4 boys from school A and 6 boys from school B together can set up an exhibition in 5 days, which 5 boys from school A and 10 boys from school C togethe...
If the area of a square field is 484 m2, then find the diagonal of the square field.
A rectangular piece of copper foil of length 21 cm and area 462 cm2 is folded along its width to form a cylinder such that there is only one ...
The sum of the perimeter of circle R and S together is 1012 cm. If the area of circle S is 18634 cm2 , then the radius of circle R is approxi...
Find how many cubes of side 10 cm each can be made by melting a cuboid with dimensions 90cm × 120cm × 150cm?
If base of a prism is square of side 5 cm & height is 30 cm . What is the volume of prism?
A solution is formed by mixing three liquids P, Q, and R in the ratio 4:3:2. Liquid P contains 50% alcohol, Liquid Q contains 40% alcohol, and Liquid R ...
A prism and a pyramid have the same base and the same height. Find the ratio of the volumes of the prism and the pyramid.