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need question 9,10,11 and 12 9. Which of the following is a true characteristic of activity-based costing? A) Activity-based costing uses a smaller number of
need question 9,10,11 and 12
9. Which of the following is a true characteristic of activity-based costing? A) Activity-based costing uses a smaller number of cost pools than does traditional costing. B) Relative to traditional costing methods, activity-based costing is more concerned with identifying processes and less concerned with causal factors of overhead costs. C) Activity-based costing removes the use of all judgment from the allocation process. D) Activity-based costing is commonly performed with a muted trumpet. E) Activity-based costing assigns costs to cost objects based on usage of activity, called cost drivers. 10. Which of the following product costing methods produces the most precise product costing information? A) Average unit costing B) Activity-based costing C) Departmental overhead rate methods D) Organization-based costing E) Plant-wide overhead rates 11. Activity-based costing's primary benefit is that it provides: A) Absolutely accurate product costing information B) Data for extemal financial reporting purposes C) More jobs for industrial engineers and accountants D) More precise cost data for internal decision-making purposes E) A large increase in administrative expenses 12. The typical objective to which costs are assigned is: a. A value chain. b. A product or service. c. A cost pool. d. Overhead, e. An activity Step by Step Solution
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