After you have mastered the material in this chapter, you will be able to:
LO 5-1 | Explain how activity-based costing improves accuracy in determining the cost of products and services. |
LO 5-2 | Identify cost centers and cost drivers in an activity-based costing system. |
LO 5-3 | Use activity-based costing to calculate costs of products and services. |
LO 5-4 | Identify the components of a total quality management program and prepare a quality cost report. |