Questions from Cost Accounting

Q: Why do more traditional methods of overhead assignment “overload” standard

Why do more traditional methods of overhead assignment “overload” standard high volume products with overhead costs. How does ABC improve overhead assignments?

Q: Once an activity-based costing system has been developed and implemented

Once an activity-based costing system has been developed and implemented in a company, will that system be appropriate for the long term? Why or why not?

Q: Ollie’s Olive Oil began business in 2010, during which it produced

Ollie’s Olive Oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive oil. Costs incurred during the year were as follows: I...

Q: Are all companies likely to benefit to an equal extent from adopting

Are all companies likely to benefit to an equal extent from adopting ABC? Discuss.

Q: Significant hurdles, including a large time commitment, are often encountered

Significant hurdles, including a large time commitment, are often encountered in adopting ABC. What specific activities associated with ABC adoption require large investments of time?

Q: What is activity-based management (ABM), and what specific

What is activity-based management (ABM), and what specific management tools are used in ABM?

Q: What is activity analysis, and how is it used with cost

What is activity analysis, and how is it used with cost driver analysis to manage costs?

Q: Why are value-added activities defined from a customer viewpoint?

Why are value-added activities defined from a customer viewpoint?

Q: In a televised football game, what activities are value-added

In a televised football game, what activities are value-added? What activities are nonvalue-added? Would everyone agree with your choices? Why or why not?

Q: Following are specific types of information that can be located in a

Following are specific types of information that can be located in a particular account (such as WIP Inventory) or on a particular document (such as an employee time card). For each item listed, ident...