Assignment
Can you please answer these questions and define the last two words. These questions and definitions are in relation to cost accounting.
Why is the activity-based costing described in this chapter unacceptable for external financial reports?
Why are there two stages of allocation in activity-based costing?
Why is direct labor a poor base for allocating overhead in many companies?
Why is the first stage of the allocation process in activity-based costing often based on interviews?
Benchmarking - please define
Customer-level activities - please define.