There is no convenient or economical way to trace a(n) _______ from the cost to the cost pool or from the cost pool to the cost object

Cost assignment

Direct cost

Indirect cost

Cost allocation

Which of the following is not a correct pair between the activity and the potential cost driver?

Provide cashier service-number of customers

Advise customers on banking services-number of ATM transactions

Process loan applications-number of loan applications processed

Mail customer statements-number of accounts by customer type and size

Which one of the following would not be found in a merchandising company?

Beginning inventory

Ending inventory

Work-in-process

Cost of goods sold

Gross profit

Complete the inventory formula: Beginning Inventory + ______ = ________ + Ending Inventory
Cost added; cost transferred out
Cost of goods sold; cost added
Cost added; cost of goods manufactured
Cost transferred out; cost added