acct ch 5
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Last updated 12:02 AM on 9/21/26
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8 Terms
1
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traditional costing
overhead costs are allocated to products (volume based)
2
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activity based costing (abc)
overhead costs are first allocated to activities, then to products
3
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cost pool
a grouping of individual costs
4
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types of activities
unit level, batch level, product sustaining level, facility level
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unit level
must be done for each unit of production
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batch level
must be performed for each batch of products
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product sustaining level
needed to support an entire product line
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facility level
required in order for the entire production process to occur