Concept Chp7- Activity Based Costing Systems Do Not Conform to Generally Accepted Accounting. Why?
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Asks why ABC systems don’t follow GAAP.
Asks why ABC systems don’t follow GAAP.
Asks about a favorable labor rate variance.
Asks what method treats all fixed costs as period.
Asks for example of committed fixed cost
They tell you selling price went up by $2 because variable cost went up $2 and wants to know the effect on the breakeven point.
Asks what factory overhead considered.
Asks for processing costing, what a work in process account is for each what.
Asks what process costing used for, definition style.
Suppose current assets is greater than current liabilities, when prepaying an expense at the end of the year it will effect what?
All are differential costs except: