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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Similar questions

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?
It is the collection of cost data in some way through an accounting system A. Cost allocation OB. Cost Absorption C. Cost Assignment OD. Cost accumulation
In Classification Of Cost, What Is A Business Situational Example of the ff: By Nature Or Traceability: Direct Costs & Indirect Costs By Functions By Behavior: Fixed, Variable, Semi-Variable By Control Ability: Controllable & Uncontrollable Costs By Normality: Normal Costs & Abnormal Costs By Time: Historical Costs & Predetermined Cost By Decision Making Costs
(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.
1. Discuss the significance of activity based costing(ABC) system in cost management. 2. For purposes of making decisions ,the concept of differential cost and revenue, opportunity cost and sunk cost are vitally important. Briefly explain each cost and its importance to decision making.
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
In Cost accounting the main emphasis is on ?
Under operations analysis, how do you describe cost analysis?
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.

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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