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mash [69]
4 years ago
13

Put the following ABC implementation steps in​ order: A Compute the allocation rates. B Compute the total cost of the products.

C Identify the products that are the cost objects. D Select the cost allocation bases.
Business
2 answers:
patriot [66]4 years ago
7 0

Answer:

The ABC steps in order is Option C, D, A, B

1. C) Identify the products that are the cost objects.

2. D) Select the cost allocation bases.

3. A) Compute the allocation rates.

4. B) Compute the total cost of the products

Explanation:

ABC Costing is a supplemental method of cost accounting that provides the decision-making information absent from traditional costing methods. While ABC costing is not limited by business unit boundaries, it can not fully supplant traditional costing methods as it often fails to meet financial reporting requirements for businesses.

ABC Costing focuses on costs contributing to production of a product. It does not attribute other general costs that do not have at least an indirect relationship to the product. While traditional costing systems focus on direct costs and burden a product with other fixed costs, activity based costing increases accuracy of indirect cost assignment.

jok3333 [9.3K]4 years ago
5 0

Answer:

D Select the cost allocation bases.

Explanation:

An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.

the ABC implementation step in order will be to select the cost allocation bases.

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In case of any default or liquidation , the personal assets of the owners of the firm could be taken into consideration for repayments of debt.

Hence Maria and Jamie can sell their assets to repay $37,500.

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3 years ago
Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys b
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Answer:

The answer is:

A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.

Explanation:

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=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;

Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.

6 0
3 years ago
A business may have a/an or a/an risks.
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a business may have many risks, would sound better

3 0
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At December 31, 2018, Atlanta Company has an equity portfolio valued at $160,000. Its cost was $132,000. If the Securities Fair
Anna71 [15]

Answer:

a. Fair Value Adjustment 28,000 Unrealized Holding Gain or Loss-Income 28,000

Explanation:

The journal entry is as follows

On December 31, 2018

Fair Value Adjustment A/c Dr

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The computation is shown below:

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RideAnS [48]

Answer and Explanation:

The computation is shown below:

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Hence, the above represent the answer and the options that are given are incorrect

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3 years ago
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