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Key Terms
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Hierarchy Activities
Formulas
Miscellaneous
100
The Method of assigning indirect costs to products or services based on the activities they require.
What is Activity-Based Costing (ABC)
100
Traditional non-ABC cost systems assign indirect costs on the basis of
What is Unit- or volume-base cost drivers
100
Activities that support all products and all customers
What is Facility-Level Activities
100
Estimated total manufacturing overhead cost divided by the estimated total cost driver
What is predetermined overhead rate
100
This fruit is poisonous to birds
What is an avocado
200
Actions that managers take to improve operations or reduce costs based on ABC date.
What is Activity-Based Management
200
Used by both Traditional and ABC cost systems focus on assigning
What is indirect costs
200
Activities that support a specific product line or service offering
What is Product-Level Activites
200
Total Activity Cost divided by the total cost driver
What is the activity rate
200
This dog is born without spots
What is a Dalmatian
300
The Network of organizations and activities required to move goods and services from suppliers to consumers.
What is Supply Chain?
300
Number of setups is an example of this kind of activity
What is Batch Level Activity
300
Preformed for each unit or customer individually
What is Unit-Level Activities
300
Market price minus the target Profit is equal to what
What is target cost
300
Who is Bernie Sanders
What a socialist
400
Allocation base that is directly related to number of units produced or customers served.
What is Volume-Based Cost Drivers
400
Checking a patient's vital signs is an example of what type of activity
What is Customer-level activity.
400
Preformed for a group of units or customers all at once
What is batch level activities
400
What is 10+10
What is 20
400
Ron Swanson is played but what actor
What is Nick Offerman
500
Allocation base that is not directly related to the number of units produced or customers served.
What is Non-Volume Based Cost Driver
500
A management approach that aims to improve product quality by reducing and eliminating errors
What is Total Quality Management (TQM)
500
Installing parts is an example of what kind of activity
What is Unit Level Activity
500
What is 2+2
What is 4
500
This NFL team has won the most Super Bowls
What is Pittsburg Steelers