September 2023 Write a 150 word minimum answer to the following question Why is the activity based
2024 A 150 word minimum answer and two short peer response. Assignment Help
Write a 150 word minimum answer to the following question Why is the activity based 2023
Write a 150 word minimum answer to the following question. Why is the activity-based costing described in this chapter unacceptable for external financial reports. ” Resourses you may help you: Managerial Accounting – Garrison; 15 th Ed – Chpter 07 ” _________________________________________ Write a 50 word minimum peer responses each to the two answers “can be agree or disagree and why”. 1. There are three reasons that Activity Based costing is not an acceptable practice for external accounting reports. First, non manufacturing costs are only allocated to the products that cause them. Shipping, commissions and warranty costs for a computer would not be allocated to a refrigerator for example. Secondly, some manufacturing costs are treated as period costs and not product costs. Organization-sustaining costs and both indirect and direct costs not caused by the product itself are excluded from the product cost. Organization-sustaining costs include security guards, salary for the plant controller, and office supplies not used in the manufacturing process. Unsed or idle capacity as well as any overhead can be excluded as well. again if not directly caused by the product in question. The third reason is that the ever more complex cost pools and allocation bases of today’s manufacturing world can skew the true unit product cost if reported externally. For example with allocations, if unit level activities are used, the cost will be more realistic, if batch level activities are used, then the activity is account for each time used, regardless of how many units are produced during that session. 2. Activity based costing, as described in the chapter, is unacceptable for external financial reports. Product costs calculated with activity based costing exclude some manufacturing costs, while also including some non-manufacturing costs. This is not an accurate portrayal of sales for external financial reports. There are two stages of allocation in activity based costing. Costs are to be allocated into activity cost pools and from there are allocated to products, customers, and other cost objects. The first stage of allocation is based on interviews, rather than verifiable data. Overall, activity based costing may be undesirable because it manipulates measures such as products costs used in making financial decisions. Using activity based costing may also affect how individuals are viewed as directly related to this system. Therefore, activity based costing is typically considered an unacceptable system for external financial reports, as described in the chapter by including and excluding certain non-manufacturing and manufacturing costs. _________ Each answer MUST be answerd separately.
#write essay #research paper #blog writing #article writing #academic writer #reflective paper #essay pro #types of essays #write my essay #reflective essay #paper writer #essay writing service #essay writer free #essay helper #write my paper #assignment writer #write my essay for me #write an essay for me #uk essay #thesis writer #dissertation writing services #writing a research paper #academic essay #dissertation help #easy essay #do my essay #paper writing service #buy essay #essay writing help #essay service #dissertation writing #online essay writer #write my paper for me #types of essay writing #essay writing website #write my essay for free #reflective report #type my essay #thesis writing services #write paper for me #research paper writing service #essay paper #professional essay writers #write my essay online #essay help online #write my research paper #dissertation writing help #websites that write papers for you for free #write my essay for me cheap #pay someone to write my paper #pay someone to write my research paper
#Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational
