Cost drivers in the activity-based costing, Cost Accounting

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Cost drivers in the activity-based costing

Q1. Illustrate the meaning of semi variable costs?

Q2. Differentiate between the job costing and contract costing.

Q3. In brief explain the method of Cost Accumulation. Explain how it is distinct from the Cost Assignment?

Q4. Illustrate the significance of Cost Drivers in the Activity-Based Costing (ABC).

Q5. Illustrate the meaning of notional costs? Write down two illustrations of notional costs.

Q6. Explain with illustration the significance of safety stock level of petrol in a petrol pump.

Q7. Differentiate between the cost apportionment and overhead absorption.

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Cost Accounting: Cost drivers in the activity-based costing

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Cost Accounting: Cost drivers in the activity-based costing

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