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

Related Mcqs:

1. 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

2. 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

3. 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

4. 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

5. 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

6. The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

   A. cost function
   B. revenue function
   C. unit function
   D. relative function

7. 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

8. An activity based costing hierarchy includes _____________?

   A. batch level
   B. output unit level
   C. facility and product sustaining
   D. all of above

9. The variance which is included in absorption costing, but not in variable costing is classified as __________?

   A. production volume variance
   B. cost volume variance
   C. profit volume variance
   D. fixed cost variance

10. 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