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Value-Stream Average Costing, DBC, ABC Costs as Benchmarks Model B is three hours. The resource...

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Accounting

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Value-Stream Average Costing, DBC, ABC Costs as Benchmarks Model B is three hours. The resource consumption patterns are shown as follows: equirea: 1. Calculate the ABC product cost for Models A and B. If required, round your answers to the nearest cent. 2a. Calculate the value-stream average product cost. If required, round your answer to the nearest cent. per unit 2b. Assuming reasonable stability in the consumption patterns of the products and product mix, assess how well the products are grouped based on similarity. 3. Calculate the unit cost of each product using DBC. Round intermediate calculations and your answers to the nearest cent if rounding is required. How does this compare with the ABC unit costs? Which of the three costing methods would you recommend, and why? The DBC unit costs are both to the ABC unit costs. This suggests that, in the presence of heterogeneity, using DBC for costing is better than costing. 4. Identify the data analytic types (descriptive, diagnostic, predictive, and prescriptive) that apply for each of the following: Note : See Exhibits 2.5 and 2.6. for a review of data analvtic tvoes

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