Question: In an activity - based costing system, costs are allocated to jobs and products based on _ _ _ _ _ _ _ _ _

In an activity-based costing system, costs are allocated to jobs and products based on __________blank.
Multiple Choice
resource usage
simplicity
profit margins
historic costs

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:

In an activity - based costing system, costs are allocated to jobs and products based on _ _ _ _ _ _ _ _ _ _ blank. Multiple Choice resource usage simplicity profit margins historic costs

Q:

In an activity - based costing system, costs are allocated to jobs and products based on _ _ _ _ _ _ _ _ _ _ The costs of testing a new product and obtaining a patent are examples of: Multiple Choice...

Q:

Question 3 ( 1 point ) In an activity - based costing system, costs are allocated to jobs and products based on: resource usage. simplicity. profit margins. historic costs.

Q:

a) Use the Direct Labor costs used in the journal entry in Ic. (Direct Labor only!!!) Multiply this number by 1.4 and again by 77% (0.77). We will assume these numbers are total budgeted/estimated...

Q:

1.Fields & Maaner PLC, a consulting firm, uses an activity-based costing in which there are three activity cost pools. The company has provided the following data concerning its costs and its...

Q:

5. B Estimated % of Driver Calculated Total Allocated costs units Driver Activity Rate Design 14% $16,601 22 # of Jobs $754.59 Batch setup 10% $11,858 50 # of set ups $237.16 Material 62% $73,520 240...

Q:

Assume that a company makes only three products: Product A, Product 8, and Product C Currently, the company uses a traditional cost system that relies on plantwide overhead cost allocation based on...

Q:

Question 8 1a! First-stage distribution of costs for ABC Costing Finkel & Robbins PLC, a consulting rm, uses an activity-based costing in which there are three activity cost pools. The company has...

Q:

In an activity based costing system, costs are broken down and assigned to activity cost centers. For example, part of a supervisor's salary may be classified as a filling orders, customer support,...

Q:

Rocoe Company produces a variety of garden tools in a highly automated manufacturing facility. The costs and cost drivers associated with four activity cost pools are given below: Product Level...

Q:

a) Write a method named octagonArea that prints the area of the octagon: public static void octagonArea (double side) The formula for computing the area of octagon is: Area -2(1+ v2)a, where a...

Q:

How do restrictions affect net assets?

Q:

Actual sales volume for a period is 5 . 0 0 0 units. Budgeted sales volume is 4 . 5 0 0 . Actual selling price per unit is $ 1 5 and budgeted price per unit is $ 1 5 . 7 5 . The sales volume variance...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.