Refer to the Information Provided in Table 21

question 1

Multiple Choice

Refer to the information provided in Table 21.5 below to answer the question(s) that follow.
Table 21.5
-Refer to Table 21.5. The value for gross private domestic investment in billions of dollars is

• A) 360.
• B) 400.
• C) 440.
• D) 510.

---

Definitions:

Activity Cost Pool

A collection of overhead costs attributed to particular activities, used in activity-based costing to allocate costs more accurately to products or services.

Activity-Based Costing

A costing method that assigns costs to products and services based on the activities and resources that go into producing them, aiming to provide more accurate cost information.

Overhead

General business expenses that are not directly tied to specific products or services but are necessary for the overall operation of a business, such as rent, utilities, and administrative costs.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, improving the accuracy of product and service costing.