Whatcharacterizesvalue-chainaccountinganalysis?a) Business process connections reveal true coststructuresb) Individual steps work independentlyc) Connections remain irrelevantd) Standard costing tells all

Explanation of Value-Chain Accounting Analysis: Value-chain accounting analysis is a strategic tool…

Answered: What characterizes value-chain…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 2Q: When is an activity-based costing system better than a traditional allocation system?

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The ability to assign a cost directly to a cost object by means of a causal relationship is a. allocation b. traceability c. separability d. value chain process
Which is not a task typically associated with ABC systems? A. calculating the overhead application rate for each cost pool B. applying a single cost rate C. identifying a cost driver D. more correctly allocating overhead costs
What advantage does the FIFO cost method have over the average cost method relative to providing information for cost control?
(Management Accounting) When assigning indirect costs to a cost object, an ideal cost-allocation base measures ________. A) the proportion of indirect costs to direct costs B) the extent a particular cost is caused by a cost object C) multiple cost drivers D) the proportion of direct costs to indirect costs
Standard cost systems facilitate the management practice known as A) management development.B) management by exception.C) just-in-time management.D) managing by the numbers.
Absorption costing is:A. a good way to value inventories for the balance sheet.B. used for external reporting purposes.C. less useful than variable costing for management decision making. D. A and B is correct E. A, B and C is correct
Activity-based costing systems ?: a) Use a single overhead rate b) Ignore overhead costs c) Use multiple cost drivers d) Consider only direct costs ?
Which of the following statements is true of ABC systems? A) ABC systems are time-driven cost systems. B) ABC systems classify some direct costs as indirect costs and some indirect costs as direct costs. C) ABC systems provide valuable information to managers beyond accurate product costs. D) ABC systems assume all costs are variable costs.
Activity-based costing systems ?: a) Use a single overhead rate b) Ignore overhead costs c) Use multiple cost drivers d) Consider only direct costs help
cost, sunk costs or opportunity costs. Keep in mind that one cost can be fall into different categories. In such case indicate all the categories. Cost Classifications for: Cost Item (1) Predicting Cost Behavior (2) Manufacturer s (3) Preparing Financial Statements (4) Decision Making
Which method classifies?
Accounting When refining a costing system, the desire to identify direct costs, is primarily drive by the fact that: a.Direct Costs are cheaper to identify cross out b.Direct costs are traceable cross out c.Direct costs are included in manufacturing overhead cross out d.Direct costs are not included in cost of good sold

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What characterizes value-chain accounting analysis? a) Business process connections reveal true cost structures b) Individual steps work independently c) Connections remain irrelevant d) Standard costing tells all