An objective of activity-based management is to:
a. Eliminate the majority of centralized activities in an organization.
b. Reduce or eliminate non-value-added activities incurred to make a product or to provide a service.
c. Institute responsibility accounting systems in decentralized organizations.
d. All of the above.
b
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The Massachusetts Supreme Court case that overturned the conspiracy doctrine view of unions was:
a. Griggs v. Duke Power b. Roe v. Wade c. Gompers v. Hoffa d. Commonwealth v. Hunt e. Hunt v. Commonwealth
Clinton Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor costs
The following are the details of production during the year: Total manufacturing overhead costs estimated at the beginning of the year $150,000 Total direct labor costs estimated at the beginning of the year $350,000 Total direct labor hours estimated at the beginning of the year 11,000 direct labor hours Actual manufacturing overhead costs for the year $160,000 Actual direct labor costs for the year $360,000 Actual direct labor hours for the year 12,400 direct labor hours Calculate the amount of manufacturing overhead costs allocated to production. (Round any percentages to two decimal places and your final answer to the nearest dollar.) A) $150,000 B) $164,571 C) $154,296 D) $160,000
What would the cost of fire insurance for a manufacturing plant generally be categorized as?
A. Direct material cost. B. Prime cost. C. Period cost. D. Direct labor cost. E. Product cost.
A ________ corporation is a corporation that owns stock in another corporation sufficient to control that corporation.
A. sister B. parent C. subsidiary D. control