Question: In ABC cost method, an activity is: a. Any event, action, transaction or work sequence that incurs cost when producing a product b. The overhead

In ABC cost method, an activity is:
a. Any event, action, transaction or work sequence that incurs cost when producing a product
b. The overhead cost attributed to a distinct activity
c. Any factor or activity that has a direct cause-effect relationship with the resources consumed
d. A unit cost calculation for determining factory labor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1)-An investor considers to invest 150 000 TL for the next year. This investor has 3 options. The first option is to buy a government bond which was issued 4.5 years ago when the market interest...

Q:

Select the term that matches each of the following descriptions. Any factor or activity that has a direct cause - effect relationship with the resources consumed. Any event, action, transaction or...

Q:

Select the term that matches each of the following descriptions. Any factor or activity that has a direct cause - effect relationship with the resources consumed. Any event, action, transaction or...

Q:

raditional vs . Activity - Based Costing: Activity - Based Costing - Knowledge Check Knowledge Check Select the term that matches each of the following descriptions. Any factor or activity that has a...

Q:

Q14. Of the four steps in preparing a production cost report, which step occurs first? epare a cost reconciliation schedule. mpute equivalent units of production. 5/10 ampute the physical unit flow...

Q:

Knowledge Check Select the term that matches each of the following descriptions. Any factor or activity that has a direct cause - effect relationship with the resources consumed. Any event, action,...

Q:

Indicate whether the following statements are true or false. 1. A traditional costing system allocates overhead by means of multiple overhead rates. 2. Activity-based costing allocates overhead costs...

Q:

Indicate whether the following statements are true or false. 1. A traditional costing system allocates overhead by means of multiple overhead rates. 2. Activity-based costing allocates overhead costs...

Q:

ndicate whether the following statements are true or false. 1 . A traditional costing system allocates overhead by means of multiple overhead rates. 2 . Direct material and direct labor costs are...

Q:

Which of the following statement is false? A. A traditional costing system allocates overhead by means of multiple overhead rates. B. Direct material and direct labor costs are easier to trace to...

Q:

true and false. please answer all questions Word or Phrase Cost Behavior Analysis Cost Volume Analysis Description The study of how specific cossts respond to changes in the leverl of business...

Q:

Q.1 How a manufacturing organization can create value for its employees, owners, and customers in post-pandemic era? Explain. Q.2 Why is formalization important for a growing service company? Explain...

Q:

The parallel plates of an air capacitor are separated by 2.25 mm. Each plate carries a chargeof 6.50 nC. The magnitude of the electric field of the plates is 4.75x10^5 V/m. Find the (a)potential...

Q:

Determine whether o r not F i s a conservative vector field. I f i t i s , find a function f such that F = gradf. I f i t i s not, enter NONE. F ( x , y ) = ( 2 x - 2 y ) i + ( - 2 x + 6 y - 7 ) j f...

Q:

Two children sitting on a sled at rest in the snow ask you to pull them. You oblige by pulling on the sled's rope, which makes an angle of 40 with the horizontal (Figure 5-7). The children have a...

Q:

A block of mass m1= 4.5 kg is at rest on a plane that makes an angle of 0 = 30 above the horizontal. The coefficient of kinetic friction between the block and the plane is Hk = 0.100. The block is...

Q:

A 6 kg particle starts from rest at x = 0 and moves under the influence of a single force F= 4.6x, where F, is in newtons and x is in meters. Calculate the power delivered to the particle when it is...

Q:

A block is suspended from the ceiling by a spring and is free to move vertically in the y direction. You are given that the potential energy as a function of position is U = 7 y2 - 14 y, where y is...

Q:

Ablock of mass m1= 4.5 kg is at rest on a plane that makes an angle of 0 = 30 above the horizontal. The coefficient of kinetic friction between the block and the plane is uk = 0.100. The block is...

Q:

Karyn Fleishman is the lead sales representative on a team selling super - powered microscopes to research laboratories and other research institutions. She and her team just made a presentation to...

Q:

What are the advantages and disadvantages of flextime?

Q:

What could Kathy have done to keep the situation from occurring?

Q:

How can Seaview improve their benefits communication? Discuss.