Fill in the following blanks:

(i) In traditional costing system, the accumulated costs, first, are allocated to and then such costs are assigned to_____________________.

(ii) ABC system first traces costs to and then to_____________________. .

(iii) Costs are assigned to products/jobs using_____________________ as a measure of activity.

(iv) In ABC system, a firm can choose from three types of cost drivers, namely, _____________________.

(v) Among three types of cost drivers, _____________________ is the least accurate in ABC system.

(vi) _____________________ are the most accurate cost drivers.

(vii) Activity costs are assigned to individual jobs/products on the basis of

(viii) Activity cost driver rate = _____________________ divided by total quantity of activity cost driver.

(ix) Activity expenses assigned to a product =_____________________ (*) Quantity of each activity cost driver used by the product/job.

(x) Cost incurred in performing activities are grouped into_____________________