Study with Quizlet and memorize flashcards containing terms like Which of the following statements about activity-based costing systems is correct?, An activity measure is, Frank Brothers, Inc. has decided to use the amount of time spent preparing its employee payroll as the activity measure for its payroll process cost pool. The activity measure is an example of and more.The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The amount of activity for the year is as follows: Activity Cost Pool Activity Making bouquets 117,040 bouquets Delivery 8,900deliveries. What would be the total overhead cost per delivery according to the activity based costing system?Many companies have expressed frustration with arbitrary allocations associated with traditional costing methods. This has led to increased utilization of a uniquely different approach called activity-based costing (ABC).A simplified explanation of ABC is that it divides production into core activities, defines costs for those activities, and allocates those costs to products based …DKNG stock is oversold and poised for a rally. Industry tailwinds will ensure that high growth sustains and EBITDA margins improve. Given industry tailwinds, DKNG stock has several potential upside catalysts There have already been some big...Support one another's leadership; Have fun and play together; Overcome obstacles; Hold each other to high principles; Appreciate and respect one another; Challenge one another to take the next step; Build relationships; Experience a victory together; Learn from mistakes and setbacks; See their leaders model commitmentHelp question 6. Transcribed Image Text: Activities that are performed each time a unit is produced. a. Product level activities b. Batch level activities c. Organization sustaining activities d. Customer level activities e. Unit level activities. Which of the following costs should not be included in product costs for internal management reports that are used for decision-making? Costs of unit-level activities. Costs of batch-level activities. Costs of product-level activities. Costs of organization-sustaining activities. 8. The following are advantages of applying the value chain ...Terms in this set (13) When two variables move together, they are said to be negatively correlated. True or false. false. A cost bucket in which costs related to a particular activity measure are accumulated is called a (n) ______. activity cost pool. In activity-based costing an activity measure is ______. an allocation base.Facility-level Activities. (organization-sustaining activities) activities that are carried out regardless of which products are produced, how many batches are run, or how many units are made. - Factory management salaries - Insurance - Property taxes - Building depreciation Costs can't be traced to cause and effect basis to individual products.CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT. 5-1 What is broad averaging, and what consequences can it have on costs?. Broad averaging (or ―peanut-butter costing‖) describes a costing approach that uses broad averages for assigning (or spreading, as in spreading peanut butter) the cost of resources uniformly to cost objects when …f. Periodic maintenance of the equipment used to process wristband flash drives. g. Lighting and heating the company's production facility. h. Preparation of the company's quarterly financial reports. Required: Classify each of the activities above as either a unit-level, batch-level, product-level, customer-level, or organization-sustaining ...Organization-sustaining activities are carried out regardless of how many units are made, how many batches are run, or how many different products are made. Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: 15) Human resource management is an example of an activity at which of the following 15) levels? A) Organization-sustaining activity. B) Unit-level activity. C) Product-level activity. 2 days ago · Study with Quizlet and memorize flashcards containing terms like Classify each of the activities below as either a unite-level, batch-level, product-level, or facility-level activity: a. Various individuals manage the parts inventories b. A clerk in the factory issues purchase orders for a job c. The personnel department trains new production workers d. The factory's general manager meets with ... Organization-Sustaining Activities - activities that are carried out to support customers but that are not related to any specific product Unit-Level Activity Examples Packing Assembly Depreciation Maintenance Batch-Level Activity Examples Number of setups Setup hours Movements of materialsOct 8, 2022 · Customer-sustaining activities let an organization serve the needs of and manage an individual customer, but are independent of the volume or mix of the products and services sold to that customer. What are organization sustaining costs? Organization-sustaining activities are those actions taken to maintain the operations of a business. activities that relate to specific products that must be carried out regardless of how many units are produced and sold or bathes run second-stage allocation the process by which activity rates are used to apply costs to products and customers in activity-based costingA unit-level activity is an action that occurs whenever a unit is manufactured. This activity is a volume-based cost driver, since the amount that occurs will vary in direct proportion to the number of units produced. Direct materials and direct labor are associated with unit-level activities. In the cost hierarchy within an activity-based costing system, a unit-level activity is the lowest level.Organization-sustaining overhead costs should be allocated to products just like unit-level and product-level activities. False Activity-based costing uses a number of activity cost pools, each of which may have a different allocation base.27 мар. 2020 г. ... Many successful grassroots innovation activities result not just in identifying interesting ideas but also finding these champions.Study with Quizlet and memorize flashcards containing terms like Activity-based costing uses numerous (1) cost pools. (Enter only one per blank.), Select all that apply Costs that can be easily traced to individual products include _____., Which costing system charges products only with the costs of the capacity used by those products and not with the cost of unused capacity? and more.Transcribed Image Text: 15 Factory security and assembly activities at an appliance manufacturing plant would be best classified as unit- level, batch-level, product-level, or organization-sustaining activities? Security Product-level А. Assembly В. Batch-level Unit-level С. Unit-level Batch-level D. Batch-level Organization-sustaining activity Organization …a costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentially affect capacity and therefore fixed as well as variable costs ... organization-sustaining activities. activities that are carried out regardless of which customers are served which products are ...Synonyms for SUSTAINING: support, preserving, maintenance, custody, guardianship, preservation, keep, conservation; Antonyms of SUSTAINING: ignoring, negligence ...Unit‐level activities occur every time a service is performed or a product is made. The costs of direct materials, direct labor, and machine maintenance are examples of unit‐level activities. Batch‐level activities are costs incurred every time a group (batch) of units is produced or a series of steps is performed.Organization-sustaining activities are carried out regardless of how many units are . made, how many batches are run, or how many different products are made. Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking . AICPA FN: Reporting LO: 1 Level: Easy. 4. Direct labor-hours or direct labor cost should not be used as a measure of ...At the Hazelden Betty Ford Clinic, supporting long-term sobriety is not just about providing initial treatment for addiction; it’s also about offering comprehensive aftercare services to ensure sustained recovery.Organization-sustaining activities are carried out regardless of how many units are made, how many batches are run, or how many different products are made. Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking The following activities occur at Greenwich Corporation, a company that manufactures a variety of products. Classify each of the activities below as either a unit-level, batch-level, product-level, or organization-sustaining activity: a. Various individua; The marketing objective of a firm whose product is in the maturity stage of the PLC is to: a. A unit-level activity is an action that occurs whenever a unit is manufactured. This activity is a volume-based cost driver, since the amount that occurs will vary in direct proportion to the number of units produced. Direct materials and direct labor are associated with unit-level activities. In the cost hierarchy within an activity-based costing system, a unit-level activity is the lowest level.Know the limitations of ABC. 1) Difficult to identify the overall activities that influence costs. 2) Not easy to select the most suitable cost drive. 3) Difficult to evaluate cost on the basis of activities. 4) Not suitable for small manufacturing concerns. Study with Quizlet and memorize flashcards containing terms like Be able to classify ...Organization-sustaining activities. Uses of the ABC Model. The most significant advantage of the Activity-Based Costing method is that it helps us better identify how we use overheads. Also, ABC benefits us when dealing with the following issues: Make or Buy – the ABC approach helps us see which costs we can remove by outsourcing an item;Study with Quizlet and memorize flashcards containing terms like Classify each of the activities below as either a unite-level, batch-level, product-level, or facility-level activity: a. Various individuals manage the parts inventories b. A clerk in the factory issues purchase orders for a job c. The personnel department trains new production workers d. The factory's general manager …Study with Quizlet and memorize flashcards containing terms like The two roles of financial accounting are to:, The accounting equation is: Assets = - + Stockholders' Equity., On February 1, Domino Corporation ordered inventory. The inventory was received on February 15. Domino paid for the inventory on February 27. On which of the following dates will Domino record a …1. Define activities, cost pools and activity measures 2. Assign overhead costs to activities (Stage 1 Allocation) 3. Calculate Activity Rates 4. Assign overhead costs to cost objects (Stage 2 Allocation)This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: 15) Human resource management is an example of an activity at which of the following 15) levels? A) Organization-sustaining activity. B) Unit-level activity. C) Product-level activity.Study with Quizlet and memorize flashcards containing terms like The major limitation of volume-based costing systems is the use of volume-based: A. Criteria. B. Standards. C. Rates. D. Variances. E. Restrictions., 2. Volume-based rates produce inaccurate product cost when: A.A large portion of factory overhead cost is not volume …Organization-sustaining overhead costs should be allocated to products just like unit-level and product-level activities. False Activity-based costing uses a number of activity cost pools, each of which may have a different allocation base.This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: 15) Human resource management is an example of an activity at which of the following 15) levels? A) Organization-sustaining activity. B) Unit-level activity. C) Product-level activity.Based on categorizing costs and developing cost drivers based on the activities that cause the overhead a) Uses more cost pools b) Assigns both manufacturing and nonmanufacturing costs c) Results in more accurate costing B. Activity 1. the event that causes the consumption of overhead resources. ... Organization Sustaining Activities a) are ...What are organizational activities? Organization-sustaining activities are those actions taken to maintain the operations of a business. For example, a company must pay property taxes, utilities, and insurance, irrespective of what it does to produce goods for sale or provide services to customers. What is meant by non commercial activities?Idles Capacity Costs: In ABC, products are only charged to the cost of capacity they use. Costing is therefore more consistant and stable. Costs are only assigned to a product for which they used. II. Using ABC for determining cost of a product – Steps Using Handout 1 A. First Stage Allocation Usually given as % to total OH Cost. Study with Quizlet and memorize flashcards containing terms like Setting up equipment, placing purchase orders, and arranging shipments to customers are all examples of _ level activities, Administrating parts inventor is a(n) _ activity, activities that occur regardless of which customers are served, which products are produced or how many batches are run or units made are facility-level or ... This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: Which of the following is an example of an organization-sustaining activity? Multiple Choice Advertising products Assembling products Setting up machines Heating a manufacturing facility.The following activities occur at Greenwich Corporation, a company that manufactures a variety of products. Classify each of the activities below as either a unit-level, batch-level, product-level, or organization-sustaining activity: a. Various individua; The marketing objective of a firm whose product is in the maturity stage of the PLC is to: a. She knew that the total cost for the month (including organization-sustaining costs) was $\$ 240,000$ and that 15,000 diners had been served. Therefore, the average cost per diner was $\$ 16$. ... an activity-based costing system has been designed. Three major activities are carried out in the company: animation concept, animation production ...This special issue of the Journal of Business Ethics, Sustaining Sustainability in Organizations, intends to address this gap by advancing research that relates to how …Accounting questions and answers. Assume a company that uses activity-based costing (ABC) has only two products - A and B. The company does not have any organization sustaining activities or unused capacity costs. The company's total manufacturing overhead cost of $56,000 has been allocated to the three 'activities shown below: …Organization-sustaining activities is another term for _____ level activities. facility. Activity-based costing _____. computes product costs in the same way as traditional costing. Other sets by this creator. managerial accounting ch 6 smartbook. 17 terms. chriadjop PLUS.Classify as either unit-level, batch-level, product-level or organization-sustaining activity. A. packing labor wages - unit level. ... The company's annual costs and activities are summarized as follows: ... From past experience, the company has learned that 10% of a month's sales are collected in the month of sale, another 60% are collected ...Organization-sustaining activity. Explanation: Organization-sustaining activities are carried out regardless of which customers are served, which products and produced, how many …Accounting questions and answers. Assume a company that uses activity-based costing (ABC) has only two products - A and B. The company does not have any organization-sustaining activities or unused capacity costs. The company's total manufacturing overhead cost of $56,000 has been allocated to the three activities shown below: …CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT. 5-1 What is broad averaging, and what consequences can it have on costs?. Broad averaging (or ―peanut-butter costing‖) describes a costing approach that uses broad averages for assigning (or spreading, as in spreading peanut butter) the cost of resources uniformly to cost objects when …organization-sustaining activities. carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made ... a costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentially affect capacity and ...Organization-sustaining activities are those actions taken to maintain the operations of a business. For example, a company must pay property taxes, utilities, and …1. Define activities, cost pools and activity measures 2. Assign overhead costs to activities (Stage 1 Allocation) 3. Calculate Activity Rates 4. Assign overhead costs to cost objects (Stage 2 Allocation)Definition & Citations: An activity supporting, but contributing directly to product quality, customer value or generation of revenue but that is necessary for the continuation of the organization. This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary ...Terms in this set (9) Benefits of activity based costing systems -. -more accurate product costs. -helps managers understand the nature of product costs. - helping target areas of process improvement. ABC may be useful to a company whose. whose costs have changed substantially since the existing cost system was created. Unit level activities. Answer: d. Cost of organization sustaining activities. Explanation: Organization sustaining activities are those undertakings that have to be made if a company can keep operating. Examples include; property taxes, insurance, information filing with Government agencies and etc.Organization-sustaining activities are activities or the general organization that support specific products. False. Costs classified as batch-level costs should depend on the number of batches processed rather than the number of units produced, sold, or other measures of volume. True. focusing on activities to eliminate waste, decrease processing time, and reduce defects is the basis of (1) management. activity based. benefits of activity-based costing include: - more accurate product costs. - helping managers understand the nature of overhead costs. - helping target areas for process improvement.1) Organization-sustaining activities are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made 2) The selling and administrative expense budget lists all costs of production other than direct materials and direct labor 3) The direct labor budget shows the direct l...Organization-sustaining activities are carried out regardless of how many units are . made, how many batches are run, or how many different products are made. Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking . AICPA FN: Reporting LO: 1 Level: Easy. 4. Direct labor-hours or direct labor cost should not be used as a measure of ...Find step-by-step Accounting solutions and your answer to the following textbook question: The activity given below occurs at Greenwich Corporation, a company that manufactures a variety of products. Design new products. Required: Classify the activity above as either a unit-level, batch-level, product-level, or organization-sustaining activity..The company does not have any organization-sustaining activities or unused capacity costs. The companys total manufacturing overhead cost of $56,000 has been allocated to Assume a company that uses activity-based costing (ABC) has only two products – A and B.Organization-sustaining activities are activities or the general organization that support specific products. False. Costs classified as batch-level costs should depend on the number of batches processed rather than the number of units produced, sold, or other measures of volume. True. Product design and marketing are activities that may have a one-to-one relation to the number of end products. Customer-level activities can take many forms. These include technical support help lines, catalogs, sales calls, and so on. Other activity levels might be appropriate. Some businesses will identify market-level activities. For example ...This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: Which of the following is an example of an organization-sustaining activity? Multiple Choice Advertising products Assembling products Setting up machines Heating a manufacturing facility.What are facility sustaining costs? Facility-sustaining costs are cost activities that support the overall company, such as legal and accounting activities. The rent, insurance, and maintenance on the company’s building are facility-sustaining costs, because the building is essential to keeping the entire company running.Organization-sustaining activities are activities of the general organization that support specific products. True False 3. Costs classified as batch-level costs should depend on the number of batches processed rather than on the number of units produced, the number of units sold, or other measures ofTerms in this set (9) Benefits of activity based costing systems -. -more accurate product costs. -helps managers understand the nature of product costs. - helping target areas of process improvement. ABC may be useful to a company whose. whose costs have changed substantially since the existing cost system was created. Unit level activities. Distribution of Resource Consumption: Activity Cost Pools Order Size Customer Support Other Total Manufacturing overhead 25% 50% 25% 100% Selling and administrative expenses 60% 30% 10% 100% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. You have been asked to …Accounting questions and answers. Exercise 7-6 (Static) Cost Hierarchy [LO7-1) Flash Express purchases USB flash drives from suppliers and then applies corporate logos to the exterior of those flash drives for its customers. The company maintains a dedicated piece of equipment for each type of product that is processes, such as "top hat" flash ...Organization Sustaining Activities Definition: Organizational sustaining activities are those activities that are carried out regardless of which customers are served, which products …II. Costs are accumulated by department or function for purposes of product costing. III. Activities that do not add value to the product are identified and reduced to the extent possible. ... Product-level activity. B. Organization-sustaining activity. D. Unit-level activity. Examples of activities at the product level of costs include: A ...BMGT 221: Chapter 7. Activity-based costing (ABC) Click card to see definition 👆. A costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentially affect capacity and therefore fixed as well as variable costs. Click again to see term 👆.Organization-sustaining activities are carried out regardless of the company’ s precise product mix or mix of customers; ... because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system: Driver and …actory security and assembly activities at an appliance manufacturing plant would be best classified as unit-level, batch-level, product-level, or organization-sustaining activities? Option Security Assembly A Product Unit B Batch Batch C Organization Unit D Organization Product Multiple Choice Option A Option B Option C Option D.Providing the power required to run production equipment is an example of a: A) Unit-level activity. B) Batch-level activity. C) Product-level activity. D) Organization-sustaining activity. Ans: A. Parts administration is an example of a: A) Unit-level activity. B) Batch-level activity. C) Product-level activity. D) Organization-sustaining. Ans: CSynonyms for SUSTAINING: support, preserving, maintenance, custody, guardianship, preservation, keep, conservation; Antonyms of SUSTAINING: ignoring, negligence ...Students also studied. Costs are coded as Green, Yellow, A product's ___ is a function of sales and the direct and indirect costs that the product causes. Custo, Unit-level, batch-level, product-level, customer-level, and organization sustaining activities are the five l, You may have heard of the term “sustainable” in regards , In today’s world, sustainability is a critical component, True or False, A common procedure is for the individuals on the, Sustainability can be defined, based on earlier definitions, as an approach to business that con, actory security and assembly activities at an appliance man, A sustainability organization is (1) an organized g, In today’s world, sustainability is a critical component of any s, Organic Organizational Structure · Organization Susta, steps for implementing activity-based costing. 1. define activities, Sustaining the Work or Initiative. 16. Sustaining the Work, Accounting questions and answers. Assume a company that us, Chapter 8 Activity-Based Costing: A Tool to Aid Decision-Making True/F, Terms in this set (9) Benefits of activity based costing systems -. -m, accounting. On March 10, Fly Corporation acquired 6,, Study with Quizlet and memorize flashcards containing terms.