Which one of the following managerial accounting approaches attempts to allocate manufacturing overhead in a more accurate and meaningful fashion?

Activity based costing (ABC) – allocates OH based on use of activities, results in more accurate productcosting and scrutiny of all activities in the value chain. Attempts to allocated manufacturing OH in a moremeaningful fashion.Theory of constraints – constraints limit the company’s potential profitability. A specific approach toidentify and manage these constraints to achieve company goals.Enterprise Resource planning (ERP) – software programs designed to manage all major businessprocesses.

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Which of the following managerial accounting techniques attempts to allocate manufacturing overhead in a more meaningful manner?
For whom is managerial accounting information generally prepared for?
Which of the following is the purpose of managerial accounting quizlet?
Which one of the following does not appear on the balance sheet of a manufacturing company?

CHAPTER 11 – Non-Performance Measures1. How have many companies significantly lowered inventory levels and costs? c. They have a just-in-time method.

2. What term describes all business processes associated with providing a product or service

3. Which one of the following managerial accounting approaches attempts to allocate manufacturing

4. Which one of the following characteristics would likely be associated with a just-in-time inventory

5. Many companies now focus on reducing defects in finished products with the goal of zero defects. This

7. The customer perspective of the balanced scorecard approach d. evaluates the company from theviewpoint of those people who buy its products or services.

8. The perspectives included in the balanced scorecard approach include all of the following except the

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Which of the following managerial accounting techniques attempts to allocate manufacturing overhead in a more meaningful manner?

Answer and Explanation: As Activity-based costing identifies the real cost drivers or activities that has resulted in any manufacturing overhead, they meaningfully allocate these overheads to that specific activity.

For whom is managerial accounting information generally prepared for?

Managerial accounting is the type of accounting that provides financial information to managers and decision-makers within a company. Managerial accounting often involves various financial metrics, including revenue, sales, operating expenses, and cost controls.

Which of the following is the purpose of managerial accounting quizlet?

The primary objective of managerial accounting is: To provide management with information useful for planning and control of operations.

Which one of the following does not appear on the balance sheet of a manufacturing company?

Merchandise inventory would not be included in a manufacturer's balance sheet. Finished goods inventory, Raw materials inventory and Work-in-process inventory are all included in a manufacturer's balance sheet.