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This 4 page Study Guide was uploaded by Nikita Hendricks on Saturday October 1, 2016. The Study Guide belongs to 2304 at Baylor University taught by Prof. Stuebs in Fall 2016. Since its upload, it has received 4 views. For similar materials see Managerial Accounting in Accounts at Baylor University.
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Date Created: 10/01/16
STUDY GUIDE product the cost of the memory chips used in a radar set product factory heating costs product factory equipment maintenance costs period training costs for new administrative employees product the cost of the solder that is used in assembling the radar sets period the travel costs of the companys salespersons product wages and salaries of factory security personnel period the cost of air conditioning executive offices period wages and salaries in the department that handles billing customers product depreciation on the equipment in the fitness room used by factory workers product telephone expenses incurred by factory management period the costs of shipping completed radar sets to customers product the wages of the workers who assemble the rador sets period the president’s salary product health insurance premiums for factory personnel period marketing salaries product property taxes factory period property taxes factory period sales commissions product indirect labor product direct labor period advertising product depreciation of production product direct materials Activity-based costing a costing technique that assigns costs to cost objects such as products or customers, based on the activities those cost objects require. Activity an event that consumes resources Unit-level activities activities performed for each individual unit of product. Batch-level activities activities performed all at once on groups, or batches, of products. Product-level activities Those activities that support the products or services a company provides. Customer-level activities activities performed for specific customers. Organization-level activities activities that are required to provide productive capacity and to keep the business in operation. Activity cost pools A group of costs combined based on their activity cost drivers and the resources to be consumed.
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