Costs for _____ products under activity-based costing are typically _____ than under traditional department costing systems.

A. high-volume; higher

B. low-volume; higher

C. low-volume; lower

D. any of the above

E. none of the above

In an activity-based process cost system, the flow of costs is _____.

A. finished goods, cost of goods sold, work in process

B. finished goods, work in process, cost of goods sold

C. work in process, cost of goods sold, finished goods

D. work in process, finished goods, cost of goods sold

E. none of the above

Time-driven activity-based costing is an alternative approach to ABC is based on time estimates to complete activities; and _____.

A. these time estimates are multiplied by a cost driver rate

B. the rate is computed as the cost of the resources supplied divided by the total time available

C. time equations can be used for activities where the work required depends on features of the product or service

D. all of the above

E. none of the above