Title: A difference in GAAP-based product costing and activity-based costing is that under activity-based costing, Post by: gisellerol on Jan 29, 2023 A difference in GAAP-based product costing and activity-based costing is that under activity-based costing,
▸ all costs are traceable, whereas in GAAP-based costing some costs are allocated. ▸ selling and administrative costs are allocated to products if they are incurred to provide resources that are consumed by unit-level, batch-level, or product-level activities. ▸ sales less cost of goods sold is classified as gross profit, whereas under GAAP this subtotal is titled contribution margin. ▸ all costs are classified as product and period costs, whereas under GAAP they are classified by behavior. Title: A difference in GAAP-based product costing and activity-based costing is that under activity-based costing, Post by: miemitch on Jan 29, 2023 Content hidden
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