Costing System Process Project

Part 3: Activity-Based Costing: Activity-Based Costing Video Link: How Small Planes are manufactured http://www.youtube.com/watch?v=4LhN_T5tGK8 Requirement 1: Questions to be answered: 1. Discuss the Activity-Based (ABC) concept: • Define Activity-Based Costing (ABC) concept. • Describe how the ABC costing method works. • Why is the ABC costing method used to manufacture small planes? 2. List at least 6 activities that is included in the manufacturing process for building small planes. 3. List at least 6 items that is included in Direct Materials (items needed to manufacture small planes). 4. List at least 3 items that is included in Manufacturing Overhead (items needed by employees as they manufacture small planes). Part 4: Quality Management and Just-In-Time Management: Quality Management/Just-In-Time Management Video Link: How Chocolate is Made http://www.youtube.com/watch?v=rdTpA0luD2U&feature=PlayList&p=3FF6723AA74606C0&index=19 Requirement 2: Questions to be answered: 1. Discuss the Total Quality Management concept. • Define the Total Quality Management concept. • Describe how the Total Quality Management method works. • Why is this method used when manufacturing chocolates? 2. Discuss the Just-In-Time Management concept. • Define the Just-In-Time Management concept. • Describe how the Just-In-Time Management method works. 3. List three ways of how the quality of chocolate could be determined during the manufacturing process. 4. Discuss how the Just-In-Time Management method would work in the manufacturing of chocolate. Submit a Word document in the Canvas assignment submit box with all of the requirements by the due date. Part #3 and Part #4 of this project is limited to two pages, typed, single spaced answer. The due date for Part #3 and Part #4 is: October 26 at 11:59 pm