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Author Question: Nichols' management is considering to implement ABC system because ________. Nichols Inc. ... (Read 339 times)

humphriesbr@me.com

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on: Jul 5, 2018
Nichols' management is considering to implement ABC system because ________.
 
  Nichols Inc. manufactures remote controls. Currently the company uses a plant-wide rate for allocating manufacturing overhead. The plant manager is considering switching-over to ABC costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows:
 
  Activities Cost driver Allocation Rate
  Material handling Number of parts 2 per part
  Assembly Labor hours 20 per hour
  Inspection Time at inspection station 3 per minute
 
  The current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of 200 per labor hour.
 
  A) ABC system can be implemented cheaply
  B) ABC system provides more accurate direct cost figures
  C) ABC system is a highly refined costing system
  D) ABC system requires minimal expertise to operate

Question 2

Systems that capture, store, manage, and control electronic document images are called ___________________ ___________.
 Fill in the blank(s) with correct word


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abctaiwan

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: C

Answer to Question 2

electronic document management (EDM)
electronic document management
EDM


humphriesbr@me.com

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
:D TYSM

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