Please give me directions for answer confirmation Ch 26 Pro 6 Identifying Activity Bases in an Activity-Based Cost System Select Foods Inc. uses activity-based costing to determine product costs. For each activity listed in the left column, select an appropriate activity base from the right column. You may use items in the dropdown list more than once or not at all. Activity Activity Base Accounting reports Customer return processing Electric power Human resources Inventory control Invoice and collecting Machine depreciation Materials handling Order shipping Payroll Production control Production setup Purchasing Quality control Sales order processing
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Please give me directions for answer confirmation
Ch 26 Pro 6
Identifying Activity Bases in an Activity-Based Cost System
Select Foods Inc. uses activity-based costing to determine product costs. For each activity listed in the left column, select an appropriate activity base from the right column. You may use items in the dropdown list more than once or not at all.
| Activity | Activity Base |
| Accounting reports | |
| Customer return processing | |
| Electric power | |
| Human resources | |
| Inventory control | |
| Invoice and collecting | |
| Machine |
|
| Materials handling | |
| Order shipping | |
| Payroll | |
| Production control | |
| Production setup | |
| Purchasing | |
| Quality control | |
| Sales order processing |
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