{"id":833,"date":"2015-12-27T14:53:59","date_gmt":"2015-12-27T14:53:59","guid":{"rendered":"https:\/\/courses.candelalearning.com\/managacct2x1xmaster\/?post_type=chapter&#038;p=833"},"modified":"2015-12-27T15:14:02","modified_gmt":"2015-12-27T15:14:02","slug":"chapter-4-study-plan","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-managacct\/chapter\/chapter-4-study-plan\/","title":{"raw":"Chapter 4 Study Plan","rendered":"Chapter 4 Study Plan"},"content":{"raw":"<h2>Study Plan: Activity Based Costing<\/h2>\r\n<strong>Knowledge Targets<\/strong>\r\n\r\nI can define the following terms as they relate to our unit:\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><strong>Cost Driver<\/strong><\/td>\r\n<td>\n\n<strong>Cost Pool<\/strong>\r\n\r\n<strong>\u00a0<\/strong><\/td>\r\n<td><strong>Product Margin<\/strong><\/td>\r\n<td>\n\n<strong>Activity Based Costing<\/strong>\r\n\r\n<strong>\u00a0<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Customer Margin<\/strong><\/td>\r\n<td><strong>Activity Rate<\/strong><\/td>\r\n<td>\n\n<strong>Plantwide rate<\/strong>\r\n\r\n<strong>\u00a0<\/strong><\/td>\r\n<td>\n\n<strong>Departmental rate<\/strong>\r\n\r\n<strong>\u00a0<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Allocation Base<\/strong><\/td>\r\n<td><strong>Cost per Unit<\/strong><\/td>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<td><strong>\u00a0<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n&nbsp;\r\n\r\n<strong>Reasoning Targets<\/strong>\r\n<ul>\r\n\t<li>I can explain the use of <strong>cost pools<\/strong> in <strong>activity based costing<\/strong>.<\/li>\r\n\t<li>I can analyze the <strong>product margin<\/strong> of a product when using activity based costing and <strong>plantwide allocation<\/strong>.<\/li>\r\n\t<li>I can understand the difference between <strong>plantwide rate<\/strong>, <strong>departmental rate<\/strong>, and <strong>activity based costing activity rate<\/strong>.<\/li>\r\n\t<li>I can analyze the <strong>customer margin<\/strong> of a product using <strong>activity based costing<\/strong>.<\/li>\r\n<\/ul>\r\n&nbsp;\r\n\r\n<strong>Skill Targets<\/strong>\r\n<ul>\r\n\t<li>I can calculate <strong>activity rates<\/strong> for activity <strong>cost pools<\/strong>.<\/li>\r\n\t<li>I can calculate the <strong>product margin <\/strong>using a traditional costing system and<strong> activity based costing.<\/strong><\/li>\r\n\t<li>I can allocate overhead using<strong> activity based costing activity rates.<\/strong><\/li>\r\n\t<li>I can allocate overhead using <strong>plantwide rates<\/strong> and <strong>departmental rates<\/strong>.<\/li>\r\n\t<li>I can calculate the total cost of a department, job, product, or process using <strong>activity based costing<\/strong>.<\/li>\r\n<\/ul>\r\nClick <a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1430\/2016\/03\/04031452\/ABC-Costing-study-plan.pdf\">ABC Costing study plan<\/a> for a printable copy.","rendered":"<h2>Study Plan: Activity Based Costing<\/h2>\n<p><strong>Knowledge Targets<\/strong><\/p>\n<p>I can define the following terms as they relate to our unit:<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Cost Driver<\/strong><\/td>\n<td>\n<p><strong>Cost Pool<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<td><strong>Product Margin<\/strong><\/td>\n<td>\n<p><strong>Activity Based Costing<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Customer Margin<\/strong><\/td>\n<td><strong>Activity Rate<\/strong><\/td>\n<td>\n<p><strong>Plantwide rate<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<td>\n<p><strong>Departmental rate<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Allocation Base<\/strong><\/td>\n<td><strong>Cost per Unit<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>Reasoning Targets<\/strong><\/p>\n<ul>\n<li>I can explain the use of <strong>cost pools<\/strong> in <strong>activity based costing<\/strong>.<\/li>\n<li>I can analyze the <strong>product margin<\/strong> of a product when using activity based costing and <strong>plantwide allocation<\/strong>.<\/li>\n<li>I can understand the difference between <strong>plantwide rate<\/strong>, <strong>departmental rate<\/strong>, and <strong>activity based costing activity rate<\/strong>.<\/li>\n<li>I can analyze the <strong>customer margin<\/strong> of a product using <strong>activity based costing<\/strong>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Skill Targets<\/strong><\/p>\n<ul>\n<li>I can calculate <strong>activity rates<\/strong> for activity <strong>cost pools<\/strong>.<\/li>\n<li>I can calculate the <strong>product margin <\/strong>using a traditional costing system and<strong> activity based costing.<\/strong><\/li>\n<li>I can allocate overhead using<strong> activity based costing activity rates.<\/strong><\/li>\n<li>I can allocate overhead using <strong>plantwide rates<\/strong> and <strong>departmental rates<\/strong>.<\/li>\n<li>I can calculate the total cost of a department, job, product, or process using <strong>activity based costing<\/strong>.<\/li>\n<\/ul>\n<p>Click <a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1430\/2016\/03\/04031452\/ABC-Costing-study-plan.pdf\">ABC Costing study plan<\/a> for a printable copy.<\/p>\n","protected":false},"author":1195,"menu_order":1,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-833","chapter","type-chapter","status-publish","hentry"],"part":323,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/users\/1195"}],"version-history":[{"count":4,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/833\/revisions"}],"predecessor-version":[{"id":869,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/833\/revisions\/869"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/parts\/323"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/833\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/media?parent=833"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapter-type?post=833"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/contributor?post=833"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/license?post=833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}