Question: PLS answer ASAP i will give thumbs up 2, Match the following terms to the statements shown below. Use capital letters for your answers. Each

PLS answer ASAP i will give thumbs up

2, Match the following terms to the statements shown below. Use capital letters for your answers. Each term can only be used once.

A. Activity- based management F. Cost Pool

B. Arbitrary allocation G. Equity approach

C. Controllable cost allocation H. Lump-sum allocatiom

D. Cost-benefit decision I. Responsibility accounting

E. Cost objective J. Volume-related base

______ 1. Focuses on ways to improve the efficiency and effectiveness of activities.

______ 2. The product, service, or department that is to receive an allocation.

______ 3. Direct labor hours or machine hours.

______ 4. A group of similar or homogeneous costs.

______ 5. An allocation that a manager feels is unjustified.

______ 6. Allocation based on the long-run needs of users.

______ 7. An allocation that is perceived as being fair.

______ 8. Costs that a manager should be evaluated on.

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!