Which of the following is not normally associated with activity-based costing
Students should practice Activity Based Costing (ABC) – Corporate and Management Accounting CS Executive MCQ Questions with Answers based on the latest syllabus. Show Activity Based Costing (ABC) – Corporate and Management Accounting MCQQuestion 1. Question 2. Question 3. Question 4. Question 5. Question 6. Question 7. Question 8. Question 9. Select the correct answer using the codes given below Answer: (D) Question 10. Question 11. Question 12. Question 13. Question 14. Question 15. Question 16. Question 17. Select the correct answer from the options given below: Question 18. Codes: Answer: (A) Question 19. Question 20. Question 21. Question 22. Question 23. Question 24. Question 25. Question 26. Question 27. What is included in activityActivity-based costing (ABC) is a method of assigning overhead and indirect costs—such as salaries and utilities—to products and services. The ABC system of cost accounting is based on activities, which are considered any event, unit of work, or task with a specific goal.
What are the 4 steps required for activityThe four steps in ABC are identifying activities, estimating their amount and allocation base, computing predetermined rate, and allocating overhead costs.
What are the types of activityACTIVITY BASED COSTING. Cost. Traditional Costing.. Activity based Costing. Cost.. Allocation. Cost Ascertainment.. Direct Cost. Indirect Cost.. Product/ Service.. Based on Machine. hours, labour Hours,. Volume etc. Based on Cost Driver.. |