Edexcel A-Level Accounting 2024
managerial accounting ch7 Exam
Review
ABC - Answer>>is a costing method designed to provide
managers with cost information for strategic and other decisions.
It is ordinarily used as a supplement to, rather than as a
replacement for, the company's usual costing system.
Activity - Answer>>An event that causes the consumption of
overhead resources.
Activity Cost Pool - Answer>>A "cost bucket" in which costs
related to a single activity measure are accumulated.
Activity Measure - Answer>>An allocation base in an activity-
based costing system.
Transaction driver - Answer>>Simple count of the number of
times an activity occurs.
Duration driver - Answer>>A measure of the amount of time
needed for an activity.
Customer Orders - Answer>>assigned all costs of resources
that are consumed by taking and processing customer orders
Design Changes - Answer>>assigned all costs of resources
consumed by customer requested design changes
Order Size - Answer>>assigned all costs of resources
consumed as a consequence of the number of units produced
managerial accounting ch7 Exam
Review
ABC - Answer>>is a costing method designed to provide
managers with cost information for strategic and other decisions.
It is ordinarily used as a supplement to, rather than as a
replacement for, the company's usual costing system.
Activity - Answer>>An event that causes the consumption of
overhead resources.
Activity Cost Pool - Answer>>A "cost bucket" in which costs
related to a single activity measure are accumulated.
Activity Measure - Answer>>An allocation base in an activity-
based costing system.
Transaction driver - Answer>>Simple count of the number of
times an activity occurs.
Duration driver - Answer>>A measure of the amount of time
needed for an activity.
Customer Orders - Answer>>assigned all costs of resources
that are consumed by taking and processing customer orders
Design Changes - Answer>>assigned all costs of resources
consumed by customer requested design changes
Order Size - Answer>>assigned all costs of resources
consumed as a consequence of the number of units produced
