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4.2: Chapter 4 Study Plan

Last updated

Oct 3, 2022
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- 4.1: Activity-Based Costing and Management
- 4.3: Activity Based-Costing Method

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Study Plan: Activity Based Costing

Knowledge Targets

I can define the following terms as they relate to our unit:

Cost Driver	Cost Pool	Product Margin	Activity Based Costing
Customer Margin	Activity Rate	Plantwide rate	Departmental rate
Allocation Base	Cost per Unit

Reasoning Targets

I can explain the use of cost pools in activity based costing.
I can analyze the product margin of a product when using activity based costing and plantwide allocation.
I can understand the difference between plantwide rate, departmental rate, and activity based costing activity rate.
I can analyze the customer margin of a product using activity based costing.

Skill Targets

I can calculate activity rates for activity cost pools.
I can calculate the product margin using a traditional costing system and activity based costing.
I can allocate overhead using activity based costing activity rates.
I can allocate overhead using plantwide rates and departmental rates.
I can calculate the total cost of a department, job, product, or process using activity based costing.

Click ABC Costing study plan for a printable copy.

Study Plan: Activity Based Costing

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