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Activity-Based Costing (Example)

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Activity-Based Costing Name Institution Activity-Based Costing What are the most prominent signs that ABC methods might be appropriately applied to product costing for an automobile manufacturing company? Activity-based costing is appropriately being applied as the major technique for product costing in automobile manufacturing companies such as Ford and working perfectly due to some reasons. First it is because ABC unlike traditional costing it designates the manufacturing costs of a product in regards to the activities required to produce that particular good or product. For this reason it can be used in product costing since it is more accurate. An automobile can designate cost only to the products which are in requisite for the activity for production. As a result it eradicates allocation used the strategy and it has shown significant results in terms of products or customers to improve or eradicate. However the costing approach still offers an unmatched opportunity to the company (Pozniak & Boiko n.d.). For instance if well interlinked into management systems it can serve as a strong product to offer insights into thinking and reevaluating products and services as well marketing strategies and other processes. References Anderson S. W. Hesford J. W. & Young S. M. (2002). Factors influencing the performance of activity based costing teams: a field study of ABC model development time in the automobile industry. Accounting Organizations and Society  27(3) 195-211. Pozniak O. V. & Boiko M. Y. Activity-Based Costing As An Instrument Of Logistics Controlling. Analysis  86(61) 148. [...]

Order Description:

NEED IT IN 6 HOURS ** Activity-Based Costing Automotive manufacturing companies such as Ford and GM have successfully implemented ABC over the past few decades, and achieved profitability in a competitive environment even though product offerings have become increasingly diversified. Drawing from the Module content, your text, and supplied articles, review the critical considerations in applying the activity-based costing method to a large automobile manufacturing company. Answer the following questions: What are the most prominent signs that ABC methods might be appropriately applied to product costing for an automobile manufacturing company? Should managers be concerned about broad averaging of product costs? What are the steps required to implement ABC within the company? Name the four classifications of the ABC cost hierarchy and discuss an example of each type of cost classification for an auto manufacturer. Name a significant challenge in the implementation of ABC within the company. Rationalize your response. Name a significant opportunity in the implementation of ABC within the company. Rationalize your response. 3 PAGES, 2 SCHOLAR REFERENCES Will be reviewed on turn it in for plagiarism.

Subject Area: Accounting

Document Type: Paraphrasing

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $35

Words 825

Pages 3

Completed in 11 days

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Client Review

Excellent writer, fast and efficient. Received an A+ even with the time constraint. Will definitely recommend writer!

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12.01.2017

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