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Radda [10]
3 years ago
8

An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti

vity. b. Identify activities and estimate their total indirect costs. c. Identify the allocation base for each activity and estimate the total quantity of each allocation base. d. Allocate indirect costs to the cost object. Which of the following is the correct order for performing these steps? b, a, c, d a, b, c, d c, a, b, d b, c, a, d
Business
1 answer:
Andru [333]3 years ago
8 0
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
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2 years ago
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Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts  A/c  $310,000

          To Accounts Payable A/c$310,000

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           To Sales Revenue  A/c $520,000

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Learn more about Inventory, here:

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8 0
2 years ago
The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to t
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A, B and D

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This decision also directly reflects an increased investment and hence the GDP on the whole and the investment part of GDP would both increase,

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This change in macro economy will increase aggregate demand due to expansionary effects. Increase in imports is not conclusive as it may or may not happen depending upon the demand state.

Hope this helps.

8 0
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ELEN [110]

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so that people don type to fast again like the 20th centruy people

Explanation:

3 0
3 years ago
What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith an
Illusion [34]

Answer:

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