Difference between revisions of "Value-added activities"
(Created page with "Value chain is the activities that add value to a firm's products and services; includes R&D, design, production or purchases, marketing, distribution, and customer servic...") |
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| − | [[Value | + | [[Value-added activities]] are activities for which the customer is willing to pay because these activities add value to the final product or service, 192 Variable costing. The costing method that assigns only variable manufacturing costs to products. All fixed manufacturing costs (fixed MOH) are expensed as period costs. Also known as direct costing. |
==Definitions== | ==Definitions== | ||
According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| − | :[[Value | + | :[[Value-added activities]]. Activities for which the customer is willing to pay because these activities add value to the final product or service, 192 Variable costing. The costing method that assigns only variable manufacturing costs to products. All fixed manufacturing costs (fixed MOH) are expensed as period costs. Also known as direct costing. |
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 19:47, 16 July 2020
Value-added activities are activities for which the customer is willing to pay because these activities add value to the final product or service, 192 Variable costing. The costing method that assigns only variable manufacturing costs to products. All fixed manufacturing costs (fixed MOH) are expensed as period costs. Also known as direct costing.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Value-added activities. Activities for which the customer is willing to pay because these activities add value to the final product or service, 192 Variable costing. The costing method that assigns only variable manufacturing costs to products. All fixed manufacturing costs (fixed MOH) are expensed as period costs. Also known as direct costing.
