Chapter 8 today. On Activity-Based CostingGot the first test back today. Missed 6 of 27 problems; after some dodgy math and curving, that’s a 94. 35 of 50 on the lab work for that night. The lab work was a stupid error; I scaled overhead cost based on direct labor hours instead of direct labor cost, as the problem asked.
Chapter 8: Activity-Based Costing, A Tool to Aid Decision Making
Activity-Based Costing is a costing method that is designed to provide managers with cost information for strategic and other decisions potentially affect capacity and therefore fixed as variable costs.
Activity-Based costing assigns most manufacturing costs and some non-manufacturing costs to products.
Sleepy again. Check over this chapter later.