How can cost pools be applied to activity-based costing methods? Give an example to support your answer

How can cost pools be applied to activity-based costing methods? Give an example to support your answer

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1. Managerial accountants use software applications for cost data analysis. Name a software program that is typically used by managerial accountants. What are the benefits of this software program for cost data analysis?

2. How can cost pools be applied to activity-based costing methods? Give an example to support your answer.

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 Software program are in making decision which helps in running the business. There are various software programs used by accountants for example: QuickBooks which are mainly used in small businesses to manage pay roll, sale and inventory in a business. QuickBooks assist in cost data analysis because it helps in financial management and to keep all transactions made so that it can be viewed in a single screen…..

APA

216 words

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