Match Each of the Following Terms with Its Definition

question 62

Multiple Choice

Match each of the following terms with its definition.
-A benefit derived from the creation of an information system that cannot be easily measured in dollars or with certainty.

• A)intangible benefit
• B)intangible cost
• C)one-time cost
• D)recurring cost
• E)tangible benefit
• F)tangible cost

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Definitions:

Activity Rate

A measure used in activity-based costing to assign costs to activities based on their use of resources.

Batch Setup

The process of preparing equipment and machinery for a specific batch of production, including configuration and adjustments.

Activity Cost Pools

A method in cost accounting where costs are accumulated according to activities performed, facilitating more accurate product or service costing.