Related Mcqs:

1. In activity based costing system, the description of activity can be classified as __________?

   A. activity list
   B. activity dictionary
   C. active purpose
   D. both A and B

2. The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

   A. activity based costing
   B. non-financial costing
   C. profit costing
   D. lump sum costing

3. In an activity based costing implementation, the product’s diverse demand is based on _________?

   A. batch size
   B. complexity
   C. process steps
   D. all of above

4. The costing system, which is a combination of process costing and job costing system, is classified as __________?

   A. weighted costing system
   B. average costing system
   C. hybrid costing system
   D. double costing system

5. The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

   A. cost hierarchy
   B. price hierarchy
   C. activity hierarchy
   D. purpose hierarchy

6. In the activity based costing method implementation, an output unit level costs are classified as ____________?

   A. indirect costs
   B. direct cost
   C. labor cost
   D. raw material cost

7. In the activity based costing method implementation, the indirect costs are allocated by using the ___________?

   A. no cost pool
   B. One or two cost pools
   C. sustained tracing
   D. support tracing

8. An implementation of activity based costing would be possible only if the accountants find ____________?

   A. goodness of each activity
   B. handling of each activity
   C. cost driver for each activity
   D. cost object for each activity

9. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

   A. different task
   B. purpose cost
   C. an activity
   D. an allocation cost

10. In costing and budgeting hierarchy, an example of product sustaining cost is __________?

    A. initial offering cost
    B. batch marketing cost
    C. product marketing cost
    D. product design cost