Ch. 7 Flashcards
1
Q
Overhead rate =
A
Total overhead costs / Total direct labor hours
2
Q
Consumption ratio =
A
Amount of activity driver per product / Total driver quantity
3
Q
Overhead cost=
A
Average consumption ratio x Total cost of each setof activities
4
Q
Activity Rates=
A
Activity Cost/Total Driver Quantity
5
Q
Velocity=
A
Units/Hours
6
Q
Cycle Time in hours =
A
Hours/Units
7
Q
activity-based customer costs =
A
8
Q
activity-based supplier costs =
A
9
Q
Activity-Based Unit Costs =
A
total manufacturing cost / units produced
10
Q
Assigning resource costs to activities by using direct tracing
A
11
Q
Cycle Time in minutes=
A
Hours x (60 min/hour) / units
12
Q
Non Value Added Cost =
A
Actual Cost - Benchmark Study
