Chapter 4 covers the direct and indirect product costs in the manufacturing sector. A key concept is the relationship between product and period costs, as illustrated in Exhibit 4-3 (p. 137). Focus also on the presentation of inventory on the income statement of a manufacturer, as shown in Exhibit 4-4 (p. 139).
Chapter 4 also introduces the concepts and application underlying activity-based costing (ABC), including activity analysis, resources, cost pools, and cost drivers. Chapter 4 prepares you to complete Case 4-49 (pp. 173-174). This case requires you to list the activities, resources, and cost drivers and to analyze cost behavior for a manufacturing company. (25 points) (A 1-page response is required.)
Complete Problem 4-42 Activity-Based Costing and Activity-Based Management, Automotive Supplier (pp. 168-170). (25 points) (A 1-page response is required.)
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