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ACC 241 Chapter 4 Study Guide Latest Update $8.99   Add to cart
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ACC 241 Chapter 4 Study Guide Latest Update
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ACC 241 Chapter 4 Study Guide Latest Update 5S - ️️ Correct-A workplace organization system comprised of the following steps: sort, set in order, shine, standardize, and sustain Activity- Based Costing (ABC) - ️️ Correct-Focusing on activities as the fundamental cost objects. The costs...

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  • September 25, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • acc 241 chapter 4 study guide latest update

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  • Accounting 241
  • Accounting 241

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

ACC 241 Chapter 4 Study Guide Latest
Update

5S - ✔️✔️Correct-A workplace organization system comprised of the following steps:

sort, set in order, shine, standardize, and sustain


Activity- Based Costing (ABC) - ✔️✔️Correct-Focusing on activities as the fundamental

cost objects. The costs of those activities become building blocks for compiling the

indirect costs of products, services, and customers

Activity- Based Management(ABM) - ✔️✔️Correct-Using activity- based cost information

to make decisions that increase profits while satisfying customers' needs

Appraisal Costs - ✔️✔️Correct-Costs incurred to detect poor quality goods or services

Backflush Costing - ✔️✔️Correct-A simplified accounting system in which production

costs are not assigned to units until they are finished, or even sold, thereby saving the

bookkeeping steps of moving the product through the various inventory accounts

Batch- Level Activities - ✔️✔️Correct-Activities and costs incurred for every batch,

regardless of the number of units in the batch

Conformance Costs - ✔️✔️Correct-The combination of prevention and appraisal costs;

the costs incurred to make sure a product or service is not defective and therefore

conforms to its intended design



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