34. Which of the following is NOT part of the process dimension of the activity-based management model?a. resourcesb. driver analysisc. activitiesd. performance measures Show
We have textbook solutions for you! The document you are viewing contains questions related to this textbook. Accounting Using Excel for Success Reeve/Warren Expert Verified Chapter 12:Activity-Based ManagementANSWER:a Chapter 12:Activity-Based Management35. Which of the following is NOT part of the two-dimensional activity-based management model?a Get answer to your question and much more 36. What are the two dimensions of an activity-based management model?b Get answer to your question and much more 37. Which of the following is NOT part of the cost dimension of the activity-based management model?b Get answer to your question and much more 38. Which of the following is part of the cost and process dimensions of the activity-based management model?a. resourcesb. driver analysisc. activitiesd. cost objectsANSWER:c 39. What is the purpose of driver analysis?c Get answer to your question and much more 40. The results or products of an activity are called: Get answer to your question and much more Chapter 12:Activity-Based Managementc Get answer to your question and much more Chapter 12:Activity-Based Management41. The resource(s) consumed by the activity in producing its output is(are) called:d Get answer to your question and much more 42. The process of identifying, describing, and evaluating the activities an organization performs is called:a. Activity inputsb. Driver analysisc. Activity analysisd. Value-added activitiesANSWER:c 43. The effort expended to identify those factors that are the root causes of activity costs is(are) called:a Get answer to your question and much more 44. An activity output measure isd Get answer to your question and much more 45. Which of the following process dimensions of the activity-based management model deals with "why"?b Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document activities that are performed each time a unit is produced nonunit-level activity drivers are factors that measure the consumption of non-unit-level activities by products and other cost objects means that products consume overhead activities in systematically different proportions the proportion of each activity consumed by a product lists the activities in an organization along with some critical activity attributes identifies the amount of labor consumed by each activity and is derived from the interview process or a written survey are factors that measure the consumption of resources by activities activity based management a system-wide, integrated approach that focuses management's attention on activities with the objective of improving customer value and profit achieved by providing this value focuses on cost reduction instead of cost assignment and emphasizes the maximization of systemwide performance the resources consumed by the activity has input and outputs is the result or product of an activity the number of times the activity is performed the effort expended to identify those factors that are the root causes of activity costs. the process of identifying, describing, and evaluating the activities that an organization performs. those activities necessary to remain in business the costs to perform value-added activities with perfect efficiency non-value-added activities considered unnecessary to remain in business costs that are caused either by nonvalue-added activities or the inefficient performance of value-added activities focuses on nonvalue-added activities. involves choosing among different sets of activities that are caused by competing strategies decreases the time and resources required by an activity increases the efficiency of necessary activities by using economics of scale. the length of time that it takes to produce a unit of output from the time raw materials are received until the good is delivered to finished goods inventory the number of units of output that can be produced in a given period of time performed by an organization to prevent or detect poor quality are the costs of performing control activities
incurred to prevent poor quality in the products or services being produced incurred to determine whether products and services are conforming to their requirement or customer needs performed by an organization or its customers in response to poor quality the costs incurred by an organization because failure activities are performed incurred when products and services do not conform to specifications or customer needs incurred when products and services fail to conform to requirements or satisfy customer needs after being delivered to customers associated withe creation, detection, remediation, and prevention of environmental degradation environmental prevention costs the costs of activities carried out to prevent the production of contaminants and/or waste that could cause damage to the environment. environmental detection costs the costs of activities executed to determine if products, processes, and other activities within the firm are in compliance with appropriate environmental standards realized external failure costs those incurred and paid for by the firm. environmental internal failure costs costs of activities performed because contaminants and waste have been produced but not discharged into the environment environmental external failure costs the costs of activities performed after discharging contaminants and waste into the environment unrealized external failure costs or societal costs caused by the but are incurred and paid for by parties outside the firm. What type of analysis is concerned with identifying the root causes of activity costs?Driver analysis is concerned with identifying the root causes of activity costs. Knowing the root causes of activity costs is the key to improvement and innovation. Once a manager understands why costs are being incurred, then efforts can be taken to improve cost efficiency.
Is an effort to reduce costs of existing products and processes?Kaizen costing is concerned with reducing the costs of existing products and processes.
What refers to the factors that measure the consumption of activities can be classified as either unit level or Nonunit level?Activity drivers are factors that measure the consumption of activities by products and other cost objects and can be classified as either unit-level or nonunit-level.
What is the name of the activity that causes changes in the behavior of costs?The activity index identifies the activity that causes changes in the behavior of costs. Once the index is determined, it is possible to classify the behavior of costs in response to changes in activity levels into three categories: variable, fixed, or mixed.
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Is the effort expended to identify those factors that are the root causes of activity costs?
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