Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

Exercise 11

OPERATIONAL MODEL OF COST MANAGEMENT INFORMATION SYSTEM
The following items are associated with a cost accounting information system:
a. Use of direct materials
b. Assignment of direct materials cost to each product
c. Direct labor cost incurrence
d. Depreciation on production equipment
e. Detailed budget for the Maintenance Department
f. Submission of a bid using product cost plus 25 percent
g. Power cost incurrence
h. Material handling cost incurrence
i. Comparing actual costs with budgeted costs to evaluate the performance of a maintenance manager
j. Assignment of direct labor costs to products
k. Costing out of products
l. Decision to continue making a part rather than buying it
m. Classifying costs as fixed or variable
n. Report detailing individual product costs
o. Assignment of overhead costs to individual products
Required:
Classify the preceding items into one of the following categories:
1. Input
2. Process
3. Output
4. User action