the activity based costing system is one that
COST ACCOUNTING - ACTIVITY BASED COSTING

Quiz
•
Business
•
University
•
Hard
Carlo MBA
Used 62+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
traces costs to activities and then to products
traces products to activities and then to resources
traces cost to resources and then to activities
traces activities to costs and then to resources
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which costing system asigns costs within multiple cost pools to products using multiple cost drivers?
ABC system
Varible costing
absorption costing
all of the above
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
ABC system would probably provide the greatest benefits for organizations that use
Process costing
Job order costing
standard costing
absorption costing
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
_________ is the product or department for which costs are accumulated or measured
cost driver
cost object
cost accounting
activity based costing
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Direct labor cost is an example of
facility level activity
batch level activity
Unit Level Activity
Product line activity
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The last step in ABC System is
assign manufacturing overhead cost for each cost pool to products
Identify major activities involved in the manufacture of specific products
Identify the cost driver that has a strong correlation to the costs accumulated in the cost pool
Compute the factory overhead rate
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The following are benefits of ABC except
better management decisions
more control over manufacturing overhead costs
elimination of all arbitrary cost allocations
more accurate cost data
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