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Home Q & A Board Other Fields Homework Help Business Accounting
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gisellerol gisellerol
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A month ago
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.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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miemitchmiemitch
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A month ago
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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.
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gisellerol Author
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A month ago
Good timing, thanks!
einstein
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Yesterday
Correct Slight Smile TY
Loruiz15
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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