Activity-Based-Costing-Assignment-Help-Online

Activity Based Costing Assignment Help Online

            If a person is doing an assignment on activity-based costing then, it is essential for the person to find out what, exactly, activity-based costing is. The method of activity-based costing can be illustrated as an accounting method and it is being possible to make sure that, there is the relationship between costs, activities, and products. If there is any help required regarding activity-based costing then, the assistance can be obtained by the individuals in a proper and appropriate way.

Basics of activity-based costing system

In the course of activity-based costing, it is essential for the person to make sure that he should have knowledge of the cost of the product. This is being identified to be the sum of costs of all the activities which are being required for the purpose of manufacturing a particular product.

·         No direct cost in relation to production

·         Activities being consumed by products and services

·         It identifies the costs by way of tracing of activity based expenses.

·         The objective is to ensure that, costs are being assigned so that, physical dynamics of the business are being reflected.

·         It helps in providing ways by which costs can be reflected in a proper way for the purpose of doing the tasks.

·         Helps in recognition of the resources which are being required by the organization for the purpose of doing the tasks without any kind of issue or trouble arising.

·         It helps in fair allocation of overheads

Design and implementation of activity-based costing system

            There are certain steps which are required to be taken into consideration in the course of designing and allocation of activity-based costing at a particular point in time in the area of doing the tasks.

Step 1: the first step is to have a determination of cost objects

Step 2: The second step is to ensure that, direct costs are being identified in the area of doing the tasks.

Step 3: The cost allocation basis should be utilized for the purpose of ensuring that, overhead costs are being taken into consideration in a proper way.

Step 4: Determination of overhead costs in relation to selected bases.

Step 5: Calculation of rate per unit.

Step 6: Computation of overhead costs regarding the products.

Step 7: Figuring out the cost of products

Implementation Areas

            The activity-based accounting assignment experts are going to help in the course of finding out the areas in which activity based costing is going to provide help and assistance to the organization.

a.       High overheads

b.      Product diversity or multiple products

c.       Diversity of customers

d.      Service diversity

e.       Stiff competition

Definition of Activity drive

            The activity based assignment experts help in ensuring that, the responsibility of activity drivers are being taken into consideration. The activity driver is being chosen on the basis trade-off between accuracy and cost of management. It is essential to gain detailed knowledge in this area for the purpose of doing the tasks without any kind of trouble or issue arising in the course of doing the working.

a.       Unit level activities: These activities include costs regarding direct material, labour and machine maintenance

b.      Batch level activities: These are the costs being incurred every time in a group in the course of purchase orders, machine time and others

c.       Product line activities: These are the activities which involved assembly of the line. Here, warehousing and other tasks are being considered.

d.      Facility support activities: These are the costs which are being taken into consideration in a particular way wherein, these tasks are material in nature.

Challenges in Implementation

a.       The higher management should ensure that, it is being approving the initial plans in the course of implementation of the tasks which are required to be taken into consideration in the area of doing the activities.

b.      Design and implementation based activity costing should work as a cross functional team.

c.       The consultant who is being working towards activity based costing should be hired for the purpose of prevention of wastage of resources and time in a proper and appropriate way.

d.      There should also be a selection of software regarding activity based costing for the purpose of doing the tasks in a proper and appropriate way so that, best results are being generated.

Indicators regarding the need for activity based costing

            It is essential for the organization to have an implementation of activity based costing at the time when, there are the following indicators being present:

a.       Direct labour is a small percentage of total costs

b.      Product line is profit margin are hard to explain

c.       There is the increase in sales and decline in profits

d.      There is no support of line managers in the course of product costs being taken into consideration.

e.       Market does not make use of cost reports for the purpose of making marketing decisions.

f.       Certain products have made reporting of high profit margins.

Limitations of Activity based costing

a.       Difficulty in identifying overall activities which have influence over cost

b.      It is not easy to make a selection of suitable cost driver

c.       Difficulty in in evaluation of the cost on the basis of the activities

d.      It is not suitable for small manufacturing concerns

It should be taken into consideration that, a person is being activity based accounting assignment on the basis of theoretical information along with calculations to be taken into consideration.

How Justquestionanswer.com can help students in activity based accounting assignment writing?

Justquestionanswer.com works in a particular way wherein, activity based costing assignments are being carried out in a proper way. The professional experts are being trained in this area and they do provide high quality assignments to the students which help the people to gain strength. It is being assured that, the assignments are being provided with 100% accuracy to the students. The students are in the position to obtain the assignments without any kind of plagiarism. This is going to help the students to make sure that they work well towards the area of completion of their assignments in a positive way without any issue or trouble arising. There are certain steps which are to be taken into consideration for the purpose of obtaining assignments from Justquestionanswer.com

a.       The first step is to make submission of accounting assignment on the basis of requirement with 24*7 services.

b.      The next step is to make payment by way of usage of western union or Pay Pal or bank transfer or any other method.

c.       In the third step, the student is going to receive high quality plagiarism free and well referenced activity based accounting assignment.

s)},messages:{}