Asked by Julie David on May 06, 2024
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In a Cost Analysis report in time-based activity-based costing, the time-driven activity rate for an activity is computed by dividing the minutes required of the resource per unit of activity by the cost per minute of the resource supplied.
Cost Analysis Report
A document that details the costs associated with a project or a product, breaking down each component and analyzing its impact on the overall cost.
Time-Driven Activity Rate
An accounting method that assigns costs to products based on the time resources are consumed in producing the product.
- Acknowledge the function of time-based activity-based costing in overseeing and gauging capacity and its repercussions on cost management strategies.
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Learning Objectives
- Acknowledge the function of time-based activity-based costing in overseeing and gauging capacity and its repercussions on cost management strategies.
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