What Are the Three Steps to Implementing an REA Diagram

question 7

Essay

What are the three steps to implementing an REA diagram in a relational database?

Evaluate the implications of ABC on pricing and product mix decisions.

Recognize different categories of activities and their role in cost allocation

Understand the concept and application of activity-based costing.

Identify different types of activity levels (unit-level, batch-level, product-level, facility-level).